Andrew K. McCain - 22 Dec 2020 Form 4 Insider Report for CISO Global, Inc. (CISO)

Role: Director
Signature: /s/ Debra L. Smith, Attorney-in-Fact
Issuer symbol: CISO
Transactions as of: 22 Dec 2020
Net transactions value: +$9,500,000
Form type: 4
Filing time: 24 May 2023, 16:30:25 UTC
Previous filing: 30 Mar 2023
Next filing: 24 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CISO	Common Stock, par value $0.00001	Purchase	$500,000	+250,000	+20%	$2.00^*	1,500,000	22 Dec 2020	Hensley & Company	F1
transaction	CISO	Common Stock, par value $0.00001	Conversion of derivative security	$3,000,000	+1,500,000	+100%	$2.00^*	3,000,000	31 Dec 2021	Hensley & Company	F1
holding	CISO	Common Stock, par value $0.00001						375,000	22 Dec 2020	Andrew and Lucy McCain Family Trust	F2

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	CISO	6.0% Unsecured Convertible Note	Purchase	$3,000,000				$3,000,000	23 Dec 2020	Common Stock, par value $0.00001	1,500,000	$2.00	Hensley & Company	F1, F3
transaction	CISO	6.0% Unsecured Convertible Note	Conversion of derivative security	$3,000,000				0	31 Dec 2021	Common Stock, par value $0.00001	1,500,000	$2.00	Hensley & Company	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person is the President and Chief Operating Officer of Hensley & Company. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2	The Reporting Person is the executor of the Andrew and Lucy McCain Family Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3	Represents the original principal amount of the 6.0% Unsecured Convertible Note (the "Note") and excludes interest. Interest on the Note was payable monthly at a rate of 6.0% per annum. At any time prior to or on the maturity date of the Note, and subject to certain beneficial ownership limitations, the Reporting Person had the right to convert all or any portion of the outstanding principal amount of the Note and all accrued and unpaid interest thereon into shares of common stock, par value $0.00001 per share, of the Issuer at a conversion price of $2.00 per share. The conversion price was subject to adjustment for subdivision or consolidation of shares and other standard dilutive events.