Noah Verleun - Oct 12, 2023 Form 4 Insider Report for Global Clean Energy Holdings, Inc. (GCEH)

Role
President
Signature
/s/ Noah Verleun
Stock symbol
GCEH
Transactions as of
Oct 12, 2023
Transactions value $
$0
Form type
4
Date filed
10/19/2023, 09:41 AM
Previous filing
Apr 25, 2023
Next filing
Jun 7, 2024

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 GCEH Stock Option (right to buy) Disposed to Issuer -5M -100% 0 Oct 12, 2023 Common Stock 5M $0.20 Direct F1
transaction GCEH Stock Option (right to buy) Award +5M 5M Oct 12, 2023 Common Stock 5M $0.97 Direct F1
transaction GCEH Stock Option (right to buy) Disposed to Issuer -950K -100% 0 Oct 12, 2023 Common Stock 950K $0.17 Direct F1
transaction GCEH Stock Option (right to buy) Award +950K 950K Oct 12, 2023 Common Stock 950K $0.97 Direct F1
transaction GCEH Stock Option (right to buy) Disposed to Issuer -50K -100% 0 Oct 12, 2023 Common Stock 50K $0.17 Direct F1
transaction GCEH Stock Option (right to buy) Award +50K 50K Oct 12, 2023 Common Stock 50K $0.97 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transactions involved an amendment of outstanding options, resulting in the cancellation of the "old" options and the grant of replacement options. The options were originally granted on January 15, 2019 and June 21, 2019, respectfully, and are fully vested. The effectiveness of the amendment of the outstanding options is subject stockholder approval.