Sam Lai - Jan 2, 2024 Form 4 Insider Report for Hour Loop, Inc (HOUR)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Sam Lai
Stock symbol
HOUR
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/10/2024, 07:10 AM
Previous filing
Oct 4, 2023
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOUR Common Stock Award $0 +2.14K +0.01% $0.00 16.7M Jan 2, 2024 Direct F1
holding HOUR Common Stock 16.7M Jan 2, 2024 By spouse F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant, approved by the issuer's Board of Directors, of restricted stock to the reporting person, as compensation for services rendered.
F2 Represents shares owned by Sau Kuen Yu, Mr. Lai's spouse. Ms. Yu is the issuer's Senior Vice President and a member of the issuer's Board of Directors. Together, Mr. Lai and Ms. Yu beneficially own 33,325,984 shares of the issuer's common stock, with each of Mr. Lai and Ms. Yu beneficially holding 33,325,984 shares of the issuer's common stock, as each of them is deemed to indirectly beneficially own the other's 16,662,992 shares.