Montel Williams - 30 Sep 2021 Form 3 Insider Report for Better For You Wellness, Inc. (BFYW)

Role
Director
Signature
Montel Williams
Issuer symbol
BFYW
Transactions as of
30 Sep 2021
Net transactions value
$0
Form type
3
Filing time
17 Nov 2021, 15:01:24 UTC
Next filing
05 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFYW Common Stock 25,000 30 Sep 2021 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
holding BFYW Option to Purchase Common Stock 30 Sep 2021 Common Stock 4,000,000 $0.2500 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25,000 shares of Common Stock are granted every quarter starting on September 30, 2021, under certain conditions (200,000 shares of Common Stock in total over a period of eight quarters).
F2 The Options to Purchase Common Stock vest at a rate of 12.5% (Options to purchase 25,000 shares of Common Stock) starting on September 30, 2021 and 12.5% (Options to purchase 25,000 shares of Common Stock) per quarter thereafter. Accordingly, the Options to Purchase Common Stock will be fully vested on June 30, 2023. The options are exercisable from the first anniversary of the grant date.