Michael Panosian - Dec 28, 2022 Form 4 Insider Report for Toughbuilt Industries, Inc (TBLT)

Role
CEO, President, Chairman, Director
Signature
/s/ Michael Panosian
Stock symbol
TBLT
Transactions as of
Dec 28, 2022
Transactions value $
$54
Form type
4
Date filed
1/3/2023, 08:42 AM
Previous filing
Dec 16, 2021

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 TBLT Incentive Stock Options Award $54.00 +540K $0.00* 540K Dec 28, 2022 Common Stock 540K $1.79 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Fifty percent (50%) of the option vests on the grant date; with remaining fifty percent (50%) vesting in equal installments on the last day of each of the thirty-six (36) full calendar months thereafter, which may be exercised in lots of a minimum of two hundred (200) shares of the Company's common stock.