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

Reporting relationship: Director
Issuer ticker: TESI
Reported as of: 20 Jul 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 28 Sep 2023, 19:57:02 UTC
Prior SEC filing: 28 Jun 2023
Next SEC filing: 20 Mar 2025
Source filing: View source filing
Reporting owner signature: /s/ Frank Celli

Key filing fact

Frank E. Celli filed Form 4 for TRAQIQ, INC. (TESI) on 28 Sep 2023.

Key facts

This page summarizes Frank E. Celli's Form 4 filing for TRAQIQ, INC. (TESI).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 28 Sep 2023, 19:57.

Change

Previous filing in this sequence was filed on 28 Jun 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TRIQ transaction Derivative

Series A Right to Receive Common Stock

Purchase

Transaction value
Shares: +1
Change %: +0%
Price
Shares after: 44,679,817
Date: 20 Jul 2023
Ownership: See Footnote
Underlying class: Common Stock
Underlying amount: 44,679,817
Exercise price: $0.000000
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote 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.