Donald P. Monaco - Dec 29, 2023 Form 4 Insider Report for SIGMA ADDITIVE SOLUTIONS, INC. (SASI)

Role
Director
Signature
/s/ Donald P. Monaco
Stock symbol
SASI
Transactions as of
Dec 29, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 08:38 PM
Previous filing
May 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SASI Common Stock Award +1.73K 1.73K Dec 29, 2023 By Monaco Investment Partners, LP F1, F2, F3
transaction SASI Common Stock Award +28.6K 28.6K Dec 29, 2023 By Donald P. Monaco Insurance Trust F1, F3, F4
transaction SASI Common Stock Award +11.4K 11.4K Dec 29, 2023 By Travel and Media Tech, LLC F1, F3, F5

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 SASI Option Other $0 +5.15K $0.00 5.15K Dec 29, 2023 Common Stock 5.15K By Travel and Media, LLC F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares received in exchange for equity interests beneficially owned by Donald P. Monaco in connection with the exchange of all outstanding shares of NextTrip Holdings, Inc. for shares of the Issuer's common stock (the "Exchange") pursuant to a share exchange agreement dated October 13, 2023, as amended. Additional shares of the Issuer may be issued in the future upon achievement of certain milestones. No additional consideration was paid in connection with the Exchange, which closed on December 29, 2023.
F2 The shares are beneficially owned by Monaco Investment Partners, LP ("MI Partners"). Mr. Monaco is the managing general partner of MI Partners. As such, Mr. Monaco is deemed to beneficially own the securities held by the MI Partners.
F3 Mr. Monaco disclaims beneficial ownership of all securities held by MI Partners, the Donald P. Monaco Insurance Trust (the "Trust") and Travel and Media Tech, LLC ("TMT") in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of, or has pecuniary interest in, any such excess shares for the purposes of Section 16 of the Exchange Act or for any other purpose.
F4 The shares are beneficially owned by the Trust. Mr. Monaco, is the trustee of the Trust. As such, Mr. Monaco is deemed to beneficially own the shares held by the Trust.
F5 The securities are beneficially owned by TMT. Mr. Monaco is a 50% member of TMT. As such, Mr. Monaco is deemed to beneficially own the shares held by TMT.
F6 On December 29, 2023, in connection with the Exchange, TMT entered into an agreement pursuant to which, from June 1, 2024 to December 29, 2024, (i) TMT has the right to purchase 5,152 shares of the Issuer's common stock from an investor, as well as any additional shares that may be issued to such investor upon achievement of certain milestones in connection with the Exchange (collectively, the "Option Shares"), for an aggregate of $400,000, and (ii) the investor has the right to put the Option Shares to TMT for an aggregate of $379,000.