Bruce M. Rodgers - 14 Feb 2022 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
14 Feb 2022
Net transactions value
$0
Form type
4
Filing time
16 Feb 2022, 15:45:15 UTC
Previous filing
01 Nov 2021
Next filing
22 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMFA Common Stock Award $0 +48,662 $0.000000 48,662 14 Feb 2022 Direct F1
holding LMFA Common Stock 21,912 14 Feb 2022 Bruce M. Rodgers Revocable Trust
holding LMFA Common Stock 21,912 14 Feb 2022 Carolinn Gould Revocable Trust
holding LMFA Common Stock 853 14 Feb 2022 BRR Holding, LLC F2
holding LMFA Common Stock 232 14 Feb 2022 Bruce M. Rodgers IRA
holding LMFA Common Stock 20 14 Feb 2022 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
holding LMFA Stock Option (right to buy) 1,800,000 14 Feb 2022 Common Stock 1,800,000 $5.95 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were issued under employment agreement as described in Form 8-K filed by LM Funding America, Inc. on November 1, 2021.
F2 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.
F3 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.