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

Role
Chairman & CEO, Director, 10%+ Owner
Signature
/s/ Michael D. Farkas
Stock symbol
BLNK
Transactions as of
Apr 4, 2023
Transactions value $
-$3
Form type
4
Date filed
4/6/2023, 06:41 PM
Previous filing
Mar 17, 2023
Next filing
May 26, 2023

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 $3.32M +780K +36.43% $4.25 2.92M Apr 4, 2023 Direct F1
transaction BLNK Common Stock Sale -$3.32M -397K -13.58% $8.35 2.53M Apr 4, 2023 Direct F1
transaction BLNK Common Stock Gift $0 -50K -1.98% $0.00 2.48M Apr 5, 2023 Direct F2
holding BLNK Common Stock 4.07M Apr 4, 2023 Farkas Group, Inc. F3
holding BLNK Common Stock 81.4K Apr 4, 2023 Balance Group LLC F3
holding BLNK Common Stock 15K Apr 4, 2023 See note F4
holding BLNK Common Stock 7.2K Apr 4, 2023 Farkas Charitable Foundation F5
holding BLNK Common Stock 80 Apr 4, 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 -780K -100% $0.00* 0 Apr 4, 2023 Common Stock 780K $4.25 Direct
transaction BLNK Warrants to purchase shares of Common Stock Award $0 +780K $0.00 780K Apr 4, 2023 Common Stock 780K $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).