R. Steven Burns - Apr 13, 2023 Form 4 Insider Report for Mama's Creations, Inc. (MAMA)

Role
Director
Signature
By: /s/ Steven Burns
Stock symbol
MAMA
Transactions as of
Apr 13, 2023
Transactions value $
$20,000
Form type
4
Date filed
8/23/2023, 04:05 PM
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAMA Common Stock Options Exercise $19.5K +50K +360.02% $0.39* 63.9K Apr 13, 2023 Direct F1
transaction MAMA Common Stock Tax liability -$19.5K -10.9K -17.09% $1.79 53K Apr 13, 2023 Direct F1
transaction MAMA Common Stock Options Exercise $20K +25K +47.19% $0.80* 78K Aug 21, 2023 Direct
holding MAMA Common Stock 1.22M Apr 13, 2023 See Footnote 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 MAMA Options, right to buy Options Exercise $0 -50K -100% $0.00* 0 Apr 13, 2023 Common Stock 50K $0.39 Direct
transaction MAMA Options, right to buy Options Exercise $0 -25K -100% $0.00* 0 Aug 21, 2023 Common Stock 25K $0.80 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of Mama's Creations, Inc. (the "Company") common stock ("Common Stock") acquired by the Reporting Person through the cashless exercise of options to acquire 50,000 shares of Common Stock, pursuant to which 10,916 shares of Common Stock were withheld by the Company on the date of the exercise to pay the exercise price and tax withholding obligations, resulting in 39,084 shares of Common Stock being issued to the Reporting Person on a net basis.
F2 These shares consist of 84,074 shares held by Milvia Burns, Mr. Burns' wife and 1,136,839 shares held by Point Prospect, Inc.