Bruce M. Rodgers - 28 Oct 2021 Form 4 Insider Report for LM FUNDING AMERICA, INC. (LMFA)

Role: Chairman, CEO and President, Director, 10%+ Owner
Signature: /s/ Bruce M. Rodgers
Issuer symbol: LMFA
Transactions as of: 28 Oct 2021
Net transactions value: $0
Form type: 4
Filing time: 01 Nov 2021, 17:07:58 UTC
Next filing: 16 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Shares After	Date	Ownership	Footnotes
holding	LMFA	Common Stock	21,912	28 Oct 2021	Bruce M. Rodgers Revocable Trust
holding	LMFA	Common Stock	21,912	28 Oct 2021	Carolinn Gould Revocable Trust
holding	LMFA	Common Stock	853	28 Oct 2021	BRR Holding, LLC	F1
holding	LMFA	Common Stock	232	28 Oct 2021	Bruce M. Rodgers IRA
holding	LMFA	Common Stock	20	28 Oct 2021	Carollinn Gould IRA

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	LMFA	Stock Option (right to buy)	Award	$0	+1,800,000		$0.000000	1,800,000	28 Oct 2021	Common Stock	1,800,000	$5.95	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Bruce M. Rogers and Carollinn Gould, husband and wife, and their family, including trusts or custodial accounts of minor children of each of Mr. Rodgers and Ms. Gould, own 100% of the outstanding membership interests of BRR Holding, LLC. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares.
F2	Options were granted under the LM Funding America, Inc. 2021 Omnibus Incentive Plan ("Plan"). Options will vest as to one-third of option shares on October 28, 2022 and as to 1/36 of the options shares on a monthly basis thereafter until vested in full, subject to acceleration of vesting upon a Change of Control (as defined in the Plan) or upon the Issuer's common stock achieving a closing price of greater than $12.00 for 10 consecutive trading days. Notwithstanding, the options will not be exercisable unless and until the Plan is approved by the Issuer's stockholders within one year of grant date.

Content

Bruce M. Rogers and Carollinn Gould, husband and wife, and their family, including trusts or custodial accounts of minor children of each of Mr. Rodgers and Ms. Gould, own 100% of the outstanding membership interests of BRR Holding, LLC. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares.

Options were granted under the LM Funding America, Inc. 2021 Omnibus Incentive Plan ("Plan"). Options will vest as to one-third of option shares on October 28, 2022 and as to 1/36 of the options shares on a monthly basis thereafter until vested in full, subject to acceleration of vesting upon a Change of Control (as defined in the Plan) or upon the Issuer's common stock achieving a closing price of greater than $12.00 for 10 consecutive trading days. Notwithstanding, the options will not be exercisable unless and until the Plan is approved by the Issuer's stockholders within one year of grant date.