Tom J. Berman - Jul 29, 2024 Form 4 Insider Report for Nano Magic Inc. (NMGX)

Role
President & CEO, Director
Signature
/s/ Tom J. Berman
Stock symbol
NMGX
Transactions as of
Jul 29, 2024
Transactions value $
$0
Form type
4
Date filed
7/30/2024, 10:59 AM
Previous filing
Dec 7, 2023

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 NMGX Options Other +1.5M +103.5% 2.95M Jul 29, 2024 Common stock 1.5M $0.31 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 250,000 options were vested on date of grant, 250,000 will vest on December 31, 2024, and up to an additional one million options will only vest if the Board elects to use options to pay some or all of a profit bonus based on Company EBITDA that he may earn under his contract.
F2 Options expire on 5th anniversary of vesting.
F3 Options granted as partial compensation for services rendered or to be rendered.

Remarks:

Amounts in column 9 of Table II reflect only those held directly.