Gerard Wenzel - Jan 11, 2022 Form 4 Insider Report for SOBR Safe, Inc. (SOBR)

Role
CFO
Signature
/s/ Gerard Wenzel
Stock symbol
SOBR
Transactions as of
Jan 11, 2022
Transactions value $
$50,001
Form type
4
Date filed
6/13/2022, 06:13 PM
Previous filing
Jun 13, 2022
Next filing
Feb 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOBR Common Stock Other $47.1K +11.8K $4.00 11.8K 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 $2.94K +23.5K $0.13* 23.4K May 18, 2022 Common Stock 23.5K $4.25 Direct F1
transaction SOBR Restricted Stock Units Award +16.7K 16.7K Jan 11, 2022 Common Stock 16.7K $0.00 Direct F2, F3, F4, F5
transaction SOBR Stock Options Award +66.7K 66.7K Jan 11, 2022 Common Stock 66.7K $8.25 Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Wenzel acquired 11,765 Units for $50,000 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 Adjusted for 1-for-3 reverse stock split of Issuer's common stock effected April 28, 2022.
F3 The RSUs vest on the earlier to occur of 180 days after the Company uplists to Nasdaq or January 1, 2023.
F4 The RSUs don't have an expiration date, but will terminate if Mr. Wenzel is not in continuing service with the Issuer at the time of vesting.
F5 Issued to Mr. Wenzel under the terms of his Employment Agreement with the Issuer.
F6 The stock options vest as to 8,334 shares each quarter after the grant date for eight (8) equal quarterly installments so long as Mr. Wenzel is in continuous service with the Issuer.