Gurvinder Singh - Mar 31, 2024 Form 4 Insider Report for Bright Green Corp (BGXX)

Role
Chief Executive Officer, Director
Signature
/s/ Gurvinder Singh
Stock symbol
BGXX
Transactions as of
Mar 31, 2024
Transactions value $
$0
Form type
4
Date filed
4/2/2024, 08:15 PM
Previous filing
Oct 6, 2023
This filing has been restated, see here for the amended filing

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 BGXX Restricted Stock Unit Disposed to Issuer $0 +625K $0.00* 0 Mar 31, 2024 Common Stock 625K Direct F1, F2
transaction BGXX Employee Stock Option(right to buy) Disposed to Issuer $0 +625K $0.00* 0 Mar 31, 2024 Common Stock 625K $0.39 Direct F3
transaction BGXX Restricted Stock Unit Award $0 +3M $0.00* 0 Mar 31, 2024 Common Stock 3M Direct F1, F4
transaction BGXX Restricted Stock Unit Award $0 +500K $0.00* 0 Mar 31, 2024 Common Stock 500K Direct F1, F5
transaction BGXX Restricted Stock Unit Award $0 +2M $0.00* 0 Mar 31, 2024 Common Stock 2M Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, par value $0.0001 per share.
F2 Represents restricted stock units granted under the Bright Green Corporation 2022 Omnibus Equity Incentive Plan (the "2022 Plan"). The restricted stock units were canceled by mutual agreement of the reporting person and the Issuer.
F3 Represents an option granted under the 2022 Plan. The option was canceled by mutual agreement of the reporting person and the Issuer.
F4 Represents restricted stock units granted under the 2022 Plan, which shall vest in twenty-four equal monthly installments, beginning on the six month anniversary of October 2, 2023.
F5 Represents restricted stock units granted under the 2022 Plan, which restricted stock units became fully vested on the date of grant.
F6 Represents restricted stock units granted under the 2022 Plan, which restricted stock units shall vest upon the completion of certain milestones.