Terrence DeFranco - Oct 20, 2020 Form 4 Insider Report for IOTA COMMUNICATIONS, INC. (IOTC)

Role: CEO, President, Director, 10%+ Owner
Signature: /s/ Terrence DeFranco
Stock symbol: IOTC
Transactions as of: Oct 20, 2020
Transactions value $: $0
Form type: 4
Date filed: 5/20/2021, 07:23 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IOTC	Common Stock	Award		+44.9M	+4449.39%		45.9M	Oct 20, 2020	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	IOTC	Stock Options (right to buy)	Disposed to Issuer		-13.5M	-100%		0	May 19, 2021	Common stock	13.5M		Direct	F2
transaction	IOTC	Stock Options (right to buy)	Award		+13.5M			13.5M	May 19, 2021	Common stock	13.5M	$0.27	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were distributed to the Reporting Person by Spectrum Networks Group, LLC, a company in which the Reporting Person was a member at the time of such distribution.
F2	Options to acquire up to 13,475,000 common stock of the issuer previously granted to the Reporting Persons were cancelled and returned to the issuer pursuant to the Stock Option Termination Agreement between the Reporting Person and the issuer, dated May 19, 2021. These options were granted by the Issuer to the Reporting Person under the Issuer's equity incentive plans and included the following options: (i) an option granted on April 8, 2014 to acquire 675,000 shares at an exercise price of $1.20 per share; (ii) an option granted on April 22, 2016 to acquire 500,000 shares at an exercise price of $0.60 per share; (iii) an option granted on April 22, 2016 to acquire 300,000 shares at an exercise price of $1.20 per share; (iv) an option granted on September 5, 2018 to acquire 4,000,000 shares at an exercise price of $0.99 per share, and (v) an option granted on April 1, 2019 to acquire 8,000,000 shares at an exercise price of $0.50 per share.
F3	These options were granted by the Issuer to the Reporting Person on May 19, 2021 pursuant to the Issuer's 2017 Equity Incentive Plan and are fully vested upon issuance.