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

Role
CEO, President, Chairman, Director
Signature
/s/ Michael Panosian
Issuer symbol
N/A
Transactions as of
28 Dec 2022
Net transactions value
+$54
Form type
4
Filing time
03 Jan 2023, 08:42:44 UTC
Previous filing
16 Dec 2021
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 TBLT Incentive Stock Options Award $54 +540,000 $0.000100* 540,000 28 Dec 2022 Common Stock 540,000 $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.