Michael D. Farkas - 04 Apr 2023 Form 4 Insider Report for Blink Charging Co. (BLNK)

Role
Chairman & CEO, Director, 10%+ Owner
Signature
/s/ Michael D. Farkas
Issuer symbol
BLNK
Transactions as of
04 Apr 2023
Net transactions value
-$2.89
Form type
4
Filing time
06 Apr 2023, 18:41:35 UTC
Previous filing
17 Mar 2023
Next filing
26 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLNK Common Stock, par value $0.001 per share ("Common Stock") Exercise of in-the-money or at-the-money derivative security $3,316,836 +780,432 +36% $4.25 2,922,929 04 Apr 2023 Direct F1
transaction BLNK Common Stock Sale $3,316,839 -396,998 -14% $8.35 2,525,931 04 Apr 2023 Direct F1
transaction BLNK Common Stock Gift $0 -50,000 -2% $0.000000 2,475,931 05 Apr 2023 Direct F2
holding BLNK Common Stock 4,072,616 04 Apr 2023 Farkas Group, Inc. F3
holding BLNK Common Stock 81,441 04 Apr 2023 Balance Group LLC F3
holding BLNK Common Stock 15,000 04 Apr 2023 See note F4
holding BLNK Common Stock 7,200 04 Apr 2023 Farkas Charitable Foundation F5
holding BLNK Common Stock 80 04 Apr 2023 Farkas Family Trust F6

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 BLNK Warrants to purchase shares of Common Stock Exercise of in-the-money or at-the-money derivative security $0 -780,432 -100% $0.000000* 0 04 Apr 2023 Common Stock 780,432 $4.25 Direct
transaction BLNK Warrants to purchase shares of Common Stock Award $0 +780,432 $0.000000 780,432 04 Apr 2023 Common Stock 780,432 $8.82 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 4, 2023, Mr. Farkas exercised a warrant to purchase 780,432 shares of the issuer's Common Stock for $4.25 per share. Mr. Farkas paid the exercise price on a cashless basis, resulting in the issuer's withholding of 396,998 of the warrant shares to pay the exercise price and issuing to Mr. Farkas the remaining 383,434 shares.
F2 Mr. Farkas disposed of 50,000 shares of Common Stock as a bona fide gift to the Sammy Farkas Foundation Inc. (the "Foundation"). Mr. Farkas does not have voting or investment power with respect to the shares held by the Foundation.
F3 Mr. Farkas has voting and investment power with respect to these shares.
F4 Mr. Farkas has voting and investment power and serves as custodian for shares held by his children.
F5 Mr. Farkas has voting and investment power as trustee with respect to these shares.
F6 Mr. Farkas is a beneficiary of these shares.
F7 Reflects the one-time "evergreen" grant to Mr. Farkas of warrants to purchase 780,432 shares of the issuer's Common Stock at an exercise price of $8.82 per share, in replacement of the exercised warrants referenced in footnote 1 above. These warrants were granted pursuant to Rule 16b-3(d).