Glen Martin Miller - 02 Jul 2024 Form 4 Insider Report for Titan Environmental Solutions Inc. (TESI)

Signature
/s/ Glen Martin Miller
Issuer symbol
TESI
Transactions as of
02 Jul 2024
Net transactions value
$0
Form type
4
Filing time
20 Mar 2025, 14:57:51 UTC
Previous filing
19 Jul 2023

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 TESI Options to Purchase Common Stock Award +10,000,000 10,000,000 31 Dec 2024 Common Stock 10,000,000 $0.0400 Direct F1
transaction TESI Series B Preferred Stock Other +5,045 5,045 02 Jul 2024 Common Stock $0.0500 Direct F2
transaction TESI Warrants to Purchase Common Stock Other +504,500 504,500 02 Jul 2024 Common Stock 504,500 $0.0600 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities reported herein were granted to the reporting person by Titan Environmental Solutions Inc. (the "Issuer") pursuant to the Issuer's 2023 Equity Incentive Plan.
F2 The shares of Series B Convertible Preferred Stock reported herein (the "Series B Preferred Stock") were granted to the reporting person by the Issuer, along with the Warrants (as defined in footnote 3), in exchange for promissory notes previously issued to the reporting person by the Issuer in the aggregate principal amount of $50,000 (the "Exchange Notes"). Each share of Series B Preferred Stock shall be convertible at any time into that number of shares of the Issuer's common stock, par value $0.0001 per share, calculated by dividing the sum of $10.00 for each share of Series B Preferred Stock being converted, plus any accrued but unpaid dividends and any other amounts payable hereunder with respect thereto, by $0.05. The Series B Preferred Stock has no expiration date.
F3 The warrants reported herein (the "Warrants") were granted to the reporting person by the Issuer, along with the Series B Preferred Stock, in exchange for the Exchange Notes.