Kevin Brian Cox - Nov 4, 2024 Form 4 Insider Report for SurgePays, Inc. (SURG)

Signature
/s/ Kevin Brian Cox
Stock symbol
SURG
Transactions as of
Nov 4, 2024
Transactions value $
-$50,562
Form type
4
Date filed
11/15/2024, 04:30 PM
Previous filing
Oct 3, 2024
Next filing
Dec 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SURG Shares of Common Stock) Sale -$50.6K -31.7K -0.54% $1.60 5.81M Nov 4, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The purpose of the sale is solely to cover taxes with vesting of restricted share awards.
F2 Based upon shares sold at a high price of $1.63, a low price of $1.57, and an average of $1.5947. The full breakdown of the prices for all shares sold will be provided at the request of the SEC.