Gurvinder Singh - Mar 31, 2024 Form 4/A - Amendment 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/A - Amendment
Date filed
9/9/2024, 04:05 PM
Date Of Original Report
Apr 2, 2024
Previous filing
Oct 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BGXX Common Stock Award $0 +5.5M $0.00 5.5M Mar 31, 2024 Direct F1

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 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
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sole purpose of this amendment to the Form 4 filed on April 2, 2024 by the reporting person (the "Original Report"), is to report the grant of restricted stock units on Table I, instead of Table II as set forth on the Original Report. On April 2, 2024, the reporting person filed the Original Report, reporting the grant by the Issuer to the reporting person of restricted stock units, each restricted stock unit representing a contingent right to receive one share of the Issuer's common stock, par value $0.0001 per share. 3,000,000 of the restricted stock units shall vest in twenty-four equal monthly installments, beginning on the six month anniversary of October 2, 2023, 500,000 of the restricted stock units became fully vested on the date of grant, and 2,000,000 of the restricted stock units shall vest upon the completion of certain milestones.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, par value $0.0001 per share. 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.