Craig Harper-Denson - Nov 15, 2022 Form 4 Insider Report for Charge Enterprises, Inc. (CRGE)

Signature
/s/ JAMIE YUNG, Attorney-in-Fact
Stock symbol
CRGE
Transactions as of
Nov 15, 2022
Transactions value $
-$18,017
Form type
4
Date filed
11/17/2022, 03:13 PM
Previous filing
Nov 9, 2022
Next filing
Nov 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRGE Common Stock, par value $0.0001 Options Exercise $4.13K +7.5K $0.55 7.5K Nov 15, 2022 By spouse
transaction CRGE Common Stock, par value $0.0001 Gift $0 -7.5K -50% $0.00 7.5K Nov 15, 2022 By spouse F1
transaction CRGE Common Stock, par value $0.0001 Gift $0 +7.5K $0.00 7.5K Nov 15, 2022 Direct F1
transaction CRGE Common Stock, par value $0.0001 Sale -$20.7K -7.5K -100% $2.76 0 Nov 15, 2022 Direct F1
transaction CRGE Common Stock, par value $0.0001 Options Exercise $385 +700 $0.55 700 Nov 16, 2022 By spouse
transaction CRGE Common Stock, par value $0.0001 Gift $0 -700 -50% $0.00 700 Nov 16, 2022 By spouse F2
transaction CRGE Common Stock, par value $0.0001 Gift $0 +700 $0.00 700 Nov 16, 2022 Direct F2
transaction CRGE Common Stock, par value $0.0001 Sale -$1.83K -700 -100% $2.61 0 Nov 16, 2022 Direct F2

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 CRGE Options, right to buy Options Exercise $0 -7.5K -0.08% $0.00 9.63M Nov 15, 2022 Common Stock 7.5K $0.55 By spouse F3
transaction CRGE Options, right to buy Options Exercise $0 -700 -0.01% $0.00 9.63M Nov 16, 2022 Common Stock 700 $0.55 By spouse F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.70 to $2.90, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the foregoing range. The shares issued upon exercise of the option were gifted to the Reporting Person by Reporting Person's spouse and Reporting Person, as direct owner, disposed of the shares. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 1, 2022, modified on August 29, 2022.
F2 The sale price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.51 to $2.67, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the foregoing range. The shares issued upon exercise of the option were gifted to the Reporting Person by Reporting Person's spouse and Reporting Person, as direct owner, disposed of the shares. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 1, 2022, modified on August 29, 2022.
F3 On November 1, 2020, the Reporting Person's spouse was issued a ten-year option to purchase 10,500,000 shares of common stock. The vesting schedule for the remaining shares issuable upon exercise is: (i) 4,379,841 shares, which vested on November 1, 2021; (ii) 2,625,000 shares which vested on November 1, 2022; and (iii) 2,625,000 shares will vest on November 1, 2023.