Terry Howlett - 31 Jan 2023 Form 4 Insider Report for SKINVISIBLE, INC. (SKVI)

Signature
/s/ Terry Howlett
Issuer symbol
SKVI
Transactions as of
31 Jan 2023
Net transactions value
$0
Form type
4
Filing time
02 Feb 2023, 16:33:48 UTC

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 SKVI Debt Conversion Rights Conversion of derivative security $0 +28,598,070 +18514% $0.000000 28,752,536 31 Jan 2023 Common Stock 28,598,070 $0.1000 Direct F1
transaction SKVI Debt Conversion Rights (Warrant) Conversion of derivative security $0 +14,299,035 +50% $0.000000 43,051,571 31 Jan 2023 Common Stock 14,299,035 $0.1500 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 31, 2023 the Issuer entered into a Debt Conversion Agreement with Mr. Howlett totaling $2,859,807. Under the terms of the Debt Conversion Agreement, Mr. Howlett has the right to convert the debt amount into common stock of the Issuer as well as a warrant agreement to purchase one share for every two shares acquired. The expiration date on the warrant is 3 years from the date of conversion.