Carsten Falk - 24 Jun 2020 Form 4 Insider Report for Quality Industrial Corp. (QIND)

Role
Chief Commercial Officer
Signature
/s/ Carsten Falk
Issuer symbol
QIND
Transactions as of
24 Jun 2020
Net transactions value
$0
Form type
4
Filing time
08 May 2023, 15:47:54 UTC
Next filing
13 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QIND Common Stock Award $0 +500,000 $0.000000 500,000 24 Jun 2020 Direct F1
transaction QIND Common Stock Award $0 +1,500,000 +300% $0.000000 2,000,000 10 Sep 2021 Direct F1
transaction QIND Common Stock Award $0 +2,250,000 +112% $0.000000 4,250,000 04 May 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Company issued 500,000 shares of its common stock to Mr. Falk on June 24, 2020, and 1,500,000 shares on September 10, 2021, pursuant to the terms of his employment agreement with the Company.
F2 Issued as compensation pursuant to his new employment agreement as Chief Commercial Officer dated June 1, 2022.

Remarks:

Quality Industrial Corp. (the "Company") had its Registration Statement on Form 10 declared effective by the Securities and Exchange Commission on February 12, 2021. Mr. Falk was appointed as the Company's Deputy Chief Executive Officer on June 1, 2020, and as Chief Executive Officer on September 1, 2020. On October 21, 2022, Carsten Falk resigned as our Chief Executive Officer and was appointed as the Company's Chief Commercial Officer pursuant to which the shares on May 4, 2023 were issued.