Balazs Wellisch - 01 Apr 2022 Form 4 Insider Report for RDE, Inc. (GIFT)

Role: CTO
Signature: /s/ Balazs Wellisch
Issuer symbol: GIFT
Transactions as of: 01 Apr 2022
Net transactions value: +$53,700
Form type: 4
Filing time: 23 Oct 2024, 14:23:05 UTC
Previous filing: 23 Oct 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GIFT	Common stock	Purchase	$2,950	+1,000	+0.1%	$2.95	1,005,217	09 Sep 2024	Direct
transaction	GIFT	Common stock	Purchase	$50,750	+35,000	+3.5%	$1.45	1,040,217	10 Oct 2024	Direct

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	GIFT	Stock Option	Award		+400,000			679	01 Apr 2022	common stock	400,000	$1.50	Direct	F1
transaction	GIFT	Stock Option	Award		+25,000	+3.7%		704,217	02 Apr 2022	common stock	25,000	$3.39	Direct	F2
transaction	GIFT	Stock Option	Award		+300,000	+43%		1,004,217	05 Nov 2023	common stock	300,000	$3.15	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Mr. Wellisch received 279,217 shares of stock and 400,000 options for the sale of GameIQ and accepting the role as CTO. The options vest as follows: 160,000 shares vested on March 1, 2022, 10,000 shares vested on the first day of each month from April 1, 2022 through March 1, 2024.
F2	Mr. Wellisch received 25,000 options as a performance bonus. The options vested as follows: 8,333 shares vested on April 2, 2023, 8,333 shares vested on April 2, 2024, and 8,334 shares will vest on April 2, 2025.
F3	Mr. Wellisch received 300,000 vested options as a bonus for rebuilding RDC's infrastructure and operations.