Michael Joel McConnell - 31 Mar 2023 Form 4 Insider Report for EzFill Holdings Inc (NXXT)

Role
Chief Executive Officer, Director
Signature
/s/ Michael McConnell
Issuer symbol
NXXT
Transactions as of
31 Mar 2023
Net transactions value
$0
Form type
4
Filing time
04 Apr 2023, 17:20:18 UTC
Previous filing
24 Jan 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EZFL Vested stock option Award $0 +438,596 +261% $0.000000 606,530 31 Mar 2023 Common Stock 438,596 $0.2900 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The vested stock options were granted on March 31, 2023 based on a closing price of $0.29 pursuant to the EzFill Holdings, Inc. 2022 Equity Incentive Plan and Mr. McConnell's employment agreement, which entitles him to $50,000 per quarter in stock options in lieu of salary forgone.
F2 The number of shares was determined using the Black-Scholes model.