E. Frank Celli - Jul 20, 2023 Form 4 Insider Report for TRAQIQ, INC. (TRIQ)

Role
Director
Signature
/s/ Frank Celli
Stock symbol
TRIQ
Transactions as of
Jul 20, 2023
Transactions value $
$0
Form type
4
Date filed
9/28/2023, 07:57 PM
Previous filing
Jun 28, 2023

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 TRIQ Series A Right to Receive Common Stock Purchase +1 +0% 44.7M Jul 20, 2023 Common Stock 44.7M $0.00 See Footnote F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are owned directly by MVSR, LLC, a Nevada limited liability company ("MVSR"), and indirectly by Frank Celli in his capacity as the manager of MVSR. MVSR acquired this Series A Right to Receive Common Stock (the "Right") of TraQiQ, a California corporation (the "Issuer"), in connection with the execution and delivery of a Settlement Agreement by and between MVSR, the Issuer, and Renovare Environmental, Inc., a Delaware corporation, dated July 20, 2023. The Right is exercisable at any time, until July 20, 2028, into 44,679,817 shares of the Issuer's Common Stock, without payment of additional consideration. MVSR shall not have the right to exercise any portion of the Right if MVSR would beneficially own in excess of 4.99% of the shares of Common Stock of the Issuer outstanding immediately after giving effect to such exercise.