Ajay Sikka - 31 Dec 2024 Form 4 Insider Report for Titan Environmental Solutions Inc. (TESI)

Role
Director
Signature
/s/ Ajay Sikka
Issuer symbol
TESI
Transactions as of
31 Dec 2024
Net transactions value
$0
Form type
4
Filing time
20 Mar 2025, 15:02:09 UTC
Previous filing
03 Jun 2022
SEC
View on sec.gov

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 +1,500,000 1,500,000 31 Dec 2024 Common Stock 1,500,000 $0.0400 Direct F1
transaction TESI Series A Right to Receive Common Stock Other +11,500,000 11,500,000 17 Jul 2023 Common Stock 11,500,000 $0.000000 Direct F2
* 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 reporting person acquired these Series A Rights to Receive Common Stock of the Issuer in exchange for (i) 45,000 shares of Series B Convertible Preferred Stock of the Issuer, (ii) 5,000,000 shares of Common Stock of the Issuer, and (iii) a claim for unreimbursed advances to the Issuer in the amount of $100,000.