Bruce A. Cassidy Sr. - Dec 14, 2023 Form 4 Insider Report for Loop Media, Inc. (LPTV)

Role
Director, 10%+ Owner
Signature
/s/ Joanne Lytle, Attorney-in Fact for Bruce A. Cassidy, Sr.
Stock symbol
LPTV
Transactions as of
Dec 14, 2023
Transactions value $
$2,957,802
Form type
4
Date filed
12/18/2023, 06:27 PM
Previous filing
Oct 18, 2023
Next filing
Jun 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPTV Common Stock Award $2.33M +2.91M +29.64% $0.80 12.7M Dec 14, 2023 By Excel Family Partners, LLLP F1, F2
transaction LPTV Common Stock Options Exercise $19.4K +24.2K +0.19% $0.80 12.8M Dec 14, 2023 By Excel Family Partners, LLLP F2, F3
transaction LPTV Common Stock Options Exercise $9.7K +12.1K +0.1% $0.80 12.8M Dec 14, 2023 By Excel Family Partners, LLLP F2, F3
transaction LPTV Common Stock Options Exercise $9.7K +12.1K +0.09% $0.80 12.8M Dec 14, 2023 By Excel Family Partners, LLLP F2, F3
transaction LPTV Common Stock Options Exercise $85.3K +107K +0.83% $0.80 12.9M Dec 14, 2023 By Excel Family Partners, LLLP F2, F3
transaction LPTV Common Stock Options Exercise $226K +283K +2.2% $0.80 13.2M Dec 14, 2023 By Excel Family Partners, LLLP F2, F3
transaction LPTV Common Stock Options Exercise $168K +209K +1.59% $0.80 13.4M Dec 14, 2023 By Excel Family Partners, LLLP F2, F3
transaction LPTV Common Stock Options Exercise $111K +139K +5.34% $0.80 2.74M Dec 14, 2023 By Eagle Investment Group, LLC F2, F3
holding LPTV Common Stock 85.6K Dec 14, 2023 Direct

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 LPTV Warrant (right to buy) Award $0 +3.13M $0.00 3.13M Dec 14, 2023 Common Stock 3.13M $0.80 By Excel Family Partners LLLP F2, F4
transaction LPTV Warrant (right to buy) Disposed to Issuer $0 -24.2K -100% $0.00* 0 Dec 14, 2023 Common Stock 24.2K $8.25 By Excel Family Partners LLLP F2, F5
transaction LPTV Warrant (right to buy) Award $0 +24.2K $0.00 24.2K Dec 14, 2023 Common Stock 24.2K $0.80 By Excel Family Partners LLLP F2, F5
transaction LPTV Warrant (right to buy) Options Exercise $0 -24.2K -100% $0.00* 0 Dec 14, 2023 Common Stock 24.2K $0.80 By Excel Family Partners LLLP F2, F3
transaction LPTV Warrant (right to buy) Disposed to Issuer $0 -12.1K -100% $0.00* 0 Dec 14, 2023 Common Stock 12.1K $8.25 By Excel Family Partners LLLP F2, F5
transaction LPTV Warrant (right to buy) Award $0 +12.1K $0.00 12.1K Dec 14, 2023 Common Stock 12.1K $0.80 By Excel Family Partners LLLP F2, F5
transaction LPTV Warrant (right to buy) Options Exercise $0 -12.1K -100% $0.00* 0 Dec 14, 2023 Common Stock 12.1K $0.80 By Excel Family Partners LLLP F2, F3
transaction LPTV Warrant (right to buy) Disposed to Issuer $0 -12.1K -100% $0.00* 0 Dec 14, 2023 Common Stock 12.1K $8.25 By Excel Family Partners LLLP F2, F5
transaction LPTV Warrant (right to buy) Award $0 +12.1K $0.00 12.1K Dec 14, 2023 Common Stock 12.1K $0.80 By Excel Family Partners LLLP F2, F5
transaction LPTV Warrant (right to buy) Options Exercise $0 -12.1K -100% $0.00* 0 Dec 14, 2023 Common Stock 12.1K $0.80 By Excel Family Partners LLLP F2, F3
transaction LPTV Warrant (right to buy) Disposed to Issuer $0 -107K -100% $0.00* 0 Dec 14, 2023 Common Stock 107K $8.25 By Excel Family Partners LLLP F2, F5
transaction LPTV Warrant (right to buy) Award $0 +107K $0.00 107K Dec 14, 2023 Common Stock 107K $0.80 By Excel Family Partners LLLP F2, F5
transaction LPTV Warrant (right to buy) Options Exercise $0 -107K -100% $0.00* 0 Dec 14, 2023 Common Stock 107K $0.80 By Excel Family Partners LLLP F2, F3
transaction LPTV Warrant (right to buy) Disposed to Issuer $0 -283K -100% $0.00* 0 Dec 14, 2023 Common Stock 283K $5.25 By Excel Family Partners LLLP F2, F6
transaction LPTV Warrant (right to buy) Award $0 +283K $0.00 283K Dec 14, 2023 Common Stock 283K $0.80 By Excel Family Partners LLLP F2, F6
transaction LPTV Warrant (right to buy) Options Exercise $0 -283K -100% $0.00* 0 Dec 14, 2023 Common Stock 283K $0.80 By Excel Family Partners LLLP F2, F3
transaction LPTV Warrant (right to buy) Disposed to Issuer $0 -209K -100% $0.00* 0 Dec 14, 2023 Common Stock 209K $4.33 By Excel Family Partners LLLP F2, F7
transaction LPTV Warrant (right to buy) Award $0 +209K $0.00 209K Dec 14, 2023 Common Stock 209K $0.80 By Excel Family Partners LLLP F2, F7
transaction LPTV Warrant (right to buy) Options Exercise $0 -209K -100% $0.00* 0 Dec 14, 2023 Common Stock 209K $0.80 By Excel Family Partners LLLP F2, F3
transaction LPTV Warrant (right to buy) Disposed to Issuer $0 -139K -100% $0.00* 0 Dec 14, 2023 Common Stock 139K $2.25 By Eagle Investment Group, LLC F2, F8
transaction LPTV Warrant (right to buy) Award $0 +139K $0.00 139K Dec 14, 2023 Common Stock 139K $2.25 By Eagle Investment Group, LLC F2, F8
transaction LPTV Warrant (right to buy) Options Exercise $0 -139K -100% $0.00* 0 Dec 14, 2023 Common Stock 139K $2.25 By Eagle Investment Group, LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Common Stock were acquired in connection with a Note Conversion Agreement with the Issuer, pursuant to which the principal and interest outstanding in the amount of $2,328,617 on a line of credit extended by Excel Family Partners, LLLP, an entity managed by the Reporting Person, was converted into shares of Common Stock of the Issuer at a per share price of $0.80.
F2 Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, 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 The shares of Common Stock were acquired upon the exercise of a warrant at a per share exercise price of $0.80.
F4 The warrant was acquired in connection with a note issued by the Issuer in favor of Excel Family Partners, LLLP, an entity managed by the Reporting Person, as coverage for one hundred percent (100%) of the principal thereunder. The aggregate principal of the note is $2,500,000.
F5 The warrant was repriced pursuant to a Warrant Reprice Letter Agreement effective December 14, 2023, between Excel Family Partners, LLLP, Eagle Investment Group, LLC, and the Issuer, to decrease the per share exercise price of the warrant from $8.25 to $0.80. Each of Excel Family Partners, LLLP and Eagle Investment Group, LLC is an entity managed by the Reporting Person.
F6 The warrant was repriced pursuant to a Warrant Reprice Letter Agreement effective December 14, 2023, between Excel Family Partners, LLLP, Eagle Investment Group, LLC, and the Issuer, to decrease the per share exercise price of the warrant from $5.25 to $0.80. Each of Excel Family Partners, LLLP and Eagle Investment Group, LLC is an entity managed by the Reporting Person.
F7 The warrant was repriced pursuant to a Warrant Reprice Letter Agreement effective December 14, 2023, between Excel Family Partners, LLLP, Eagle Investment Group, LLC, and the Issuer, to decrease the per share exercise price of the warrant from $4.33 to $0.80. Each of Excel Family Partners, LLLP and Eagle Investment Group, LLC is an entity managed by the Reporting Person.
F8 The warrant was repriced pursuant to a Warrant Reprice Letter Agreement effective December 14, 2023, between Excel Family Partners, LLLP, Eagle Investment Group, LLC, and the Issuer, to decrease the per share exercise price of the warrant from $2.25 to $0.80. Each of Excel Family Partners, LLLP and Eagle Investment Group, LLC is an entity managed by the Reporting Person.

Remarks:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).