David Gandini - May 18, 2022 Form 4 Insider Report for SOBR Safe, Inc. (SOBR)

Role
CEO and Secretary, Director
Signature
/s/ David Gandini
Stock symbol
SOBR
Transactions as of
May 18, 2022
Transactions value $
$100,003
Form type
4
Date filed
5/24/2022, 05:11 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOBR Common Stock Other $94.1K +23.5K $4.00 23.5K May 18, 2022 Direct F1

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 SOBR Common Stock Warrants Other $5.88K +47.1K $0.13* 47.1K May 18, 2022 Common Stock 47.1K $4.25 Direct F1
transaction SOBR Series B Convertible Preferred Stock Other +1M 1M Mar 1, 2022 Common Stock 333K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Gandini acquired 23,530 Units for $100,000 in the Issuer's recent $10 million firm underwritten public offering, with each Unit consisting of one share of the Issuer's common stock and two warrants, each to purchase one share of the Issuer's common stock at $4.25. The price per Unit was $4.25, with $4.00 of the Unit price attributed to the share of common stock and $0.125 of the Unit price attributed to each warrant.
F2 Each three shares of Series B Convertible Preferred Stock is convertible into one share of the Issuer's common stock after giving effect to the 1-for-3 reverse stock split that went effective April 28, 2022.
F3 As reported in the Issuer's filings, Mr. Gandini exchanged 333,334 shares of common stock (adjusted for 1-for-3 reverse stock split) for 1 million shares of the Issuer's Series B Convertible Preferred Stock in connection with the Issuer's planned uplist to Nasdaq. The Issuer's Series B Preferred Stock is convertible at any time into shares of the Issuer's common at a rate of 3 shares of Series B Preferred Stock for one share of common stock. The Series B Preferred Stock does not have an expiration date. Except for a liquidation preference over common stock, the Series B Preferred Stock has the same rights as common stock.
F4 The Series B Preferred Stock do not expire.