Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BGXX | Common Stock | Gift | -7.5M | -25% | 22.5M | Jun 6, 2023 | Direct | F1, F3 | ||
transaction | BGXX | Common Stock | Gift | -2.5M | -11.11% | 20M | Jun 7, 2023 | Direct | F2, F3 |
Id | Content |
---|---|
F1 | This transaction involved gifts of securities by the Reporting Person to his children. The Reporting Person disclaims beneficial ownership of the shares held by his children, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his children's shares for purposes of Section 16 or for any other purpose. |
F2 | This transaction involved a gift of securities by the Reporting Person to his child. The Reporting Person disclaims beneficial ownership of the shares held by his child, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his child's shares for purposes of Section 16 or for any other purpose. |
F3 | Includes 10,000,000 shares of common stock issued to the Reporting Person on December 12, 2022 following shareholder approval of the issuance which was obtained on December 12, 2022, in accordance with the Executive Employment Agreement entered into between the Reporting Person and the Issuer on September 22, 2022, effective as of September 1, 2022. As of the date hereof, 4,837,500 shares of the common stock are fully vested and non-forfeitable. The remaining 5,162,500 shares shall vest and become non-forfeitable on a quarterly basis such that all of the shares of common stock shall vest and become non-forfeitable on December 12, 2024, provided the Reporting Person remains in continuous service on behalf of the Issuer. |