Ryan H. Duran - 28 Oct 2021 Form 4 Insider Report for LM FUNDING AMERICA, INC. (LMFA)

Role
VP Operations
Signature
/s/ Ryan H. Duran
Issuer symbol
LMFA
Transactions as of
28 Oct 2021
Net transactions value
$0
Form type
4
Filing time
01 Nov 2021, 17:20:06 UTC
Next filing
15 May 2023
SEC
View on sec.gov

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 +175,000 $0.000000 175,000 28 Oct 2021 Common Stock 175,000 $5.95 Direct F1
holding LMFA Stock Option (right to buy) 500 28 Oct 2021 Common Stock 500 $50.00 Direct F2
holding LMFA Stock Option (right to buy) 83 28 Oct 2021 Common Stock 83 $500.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 This option is presently exercisable in full.