Prashant Patel - 05 Jan 2024 Form 4 Insider Report for TRxADE HEALTH, INC (SCNX)

Role
Interim CFO and Director, Director
Signature
/s/ Prashant Patel
Issuer symbol
SCNX
Transactions as of
05 Jan 2024
Net transactions value
$0
Form type
4
Filing time
16 Jan 2024, 06:12:50 UTC
Previous filing
16 Sep 2022
Next filing
21 Mar 2025
SEC
View on sec.gov

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Quoteable Key Fact

"Prashant Patel filed Form 4 for TRxADE HEALTH, INC (SCNX) on 16 Jan 2024."

Quick Takeaways

  • This page summarizes Prashant Patel's Form 4 filing for TRxADE HEALTH, INC (SCNX).
  • 1 reported transaction and 0 derivative rows are listed below.
  • Filing timestamp: 16 Jan 2024, 06:12.

What Changed

  • Previous filing in this sequence was filed on 16 Sep 2022.
  • Current net transaction value: $0.

Why This Matters

  • 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.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MEDS Common stock Award $0 +150,000 $0.000000 150,000 05 Jan 2024 The Patel Trust 2010 F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Restricted Common Stock were issued to the Reporting Person pursuant to the Issuer's Amended and Restated 2019 Equity Incentive Plan and are subject to forfeiture. The shares vest at the rate of 1/2 of the shares on January 1, 2023 and April 1, 2023, subject to the Reporting Person's continued service to the Company on such vesting dates, and subject to the terms and conditions of a Restricted Shares Grant Agreement entered into by and between the Issuer and the Reporting Person. Exempt under Rule 16b-3(d).
F2 Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as a member of the Board of Directors.
F3 These securities are owned directly by the Patel Trust 2010, of which Mr. Patel is the trustee. Mr. Patel, as the trustee, is deemed to have indirect beneficial ownership of the shares held by the Patel Trust 2010.

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