Jeffrey B. Brown - 10 Jan 2025 Form 4 Insider Report for Axil Brands, Inc. (AXIL)

Role
CFO, COO, Director
Signature
/s/ Jeffrey B. Brown
Issuer symbol
AXIL
Transactions as of
10 Jan 2025
Net transactions value
$0
Form type
4
Filing time
13 Jan 2025, 06:02:10 UTC
Previous filing
12 Nov 2024
Next filing
30 Oct 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXIL Common Stock Conversion of derivative security +100,000 100,000 10 Jan 2025 By BZ Capital Strategies F1, F4
holding AXIL Common Stock 15,143 10 Jan 2025 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 AXIL Series A Preferred Stock Conversion of derivative security -2,000,000 -100% 0 10 Jan 2025 Common Stock 100,000 By BZ Capital Strategies F1, F4
holding AXIL Stock Option (right to buy) 110,000 10 Jan 2025 Common Stock 110,000 $1.80 Direct F2
holding AXIL Stock Option (right to buy) 250,000 10 Jan 2025 Common Stock 250,000 $4.01 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 BZ Capital Strategies converted all of the shares of Series A Preferred Stock, par value $0.0001 per share (the "Preferred Stock"), held by it into shares of the Issuer's common stock. The Preferred Stock is convertible into shares of the Issuer's common stock on a twenty-for-one basis, at the option of the holder, at any time, and has no expiration date.
F2 Fully exercisable.
F3 Options vest in 48 equal monthly installments, beginning on October 14, 2024, the date of grant, subject to continued employment through the vesting date.
F4 Jeffrey Brown is the co-owner, Chairman of the board of directors and Chief Financial Officer of BZ Capital Strategies.