Bruce M. Rodgers - 18 Nov 2022 Form 4 Insider Report for LM FUNDING AMERICA, INC. (LMFA)

Role
Chairman, CEO and President, Director
Signature
/s/ Bruce M. Rodgers
Issuer symbol
LMFA
Transactions as of
18 Nov 2022
Net transactions value
$0
Form type
4
Filing time
22 Nov 2022, 12:28:50 UTC
Previous filing
16 Feb 2022
Next filing
14 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LMFA Common Stock 70,574 18 Nov 2022 Bruce M. Rodgers Revocable Trust
holding LMFA Common Stock 21,912 18 Nov 2022 Carolinn Gould Revocable Trust
holding LMFA Common Stock 853 18 Nov 2022 BRR Holding, LLC F1
holding LMFA Common Stock 232 18 Nov 2022 Bruce M. Rodgers IRA
holding LMFA Common Stock 20 18 Nov 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
transaction LMFA Stock Option (right to buy) Disposed to Issuer -1,800,000 -100% 0 18 Nov 2022 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 to purchase shares of common stock were granted to Mr. Rodgers under the LM Funding America, Inc. 2021 Omnibus Incentive Plan on October 28, 2021. On November 18, 2022, Mr. Rodgers and the company mutually agreed to terminate the options, and Mr. Rodgers did not receive any consideration in exchange for such cancellation.