Gene Salkind - Jun 30, 2022 Form 4 Insider Report for Mobiquity Technologies, Inc. (MOBQ)

Signature
/s/ Gene Salkind
Stock symbol
MOBQ
Transactions as of
Jun 30, 2022
Transactions value $
$510,000
Form type
4
Date filed
7/5/2022, 09:34 PM
Previous filing
Apr 1, 2022
Next filing
Nov 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MOBQ Common Stock Conversion of derivative security $510K +408K +15.79% $1.25 2.99M Jun 30, 2022 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 MOBQ Notes Conversion of derivative security -510K -100% 0 Jun 30, 2022 Common Stock 510K $1.25 Direct F1, F2, F3, F4
transaction MOBQ Warrants Conversion of derivative security +204K +16.48% 1.44M Jun 30, 2022 Common Stock 204K $4.00 Direct F1, F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 2,992,354 common shares includes shares owned directly by Dr. Salkind, the doctor and his wife and through a trust in which Dr. Salkind is the trustee. The derivative securities listed in Table II are derivative securities owned directly by Dr. Salkind and his wife and by the trust.
F2 The board of directors of the issuer accepted Dr. Salkind's offer to convert $510,000 of convertible notes at a reduced conversion price of $1.25 per share into 408,000 common shares and warrants to purchase 204,000 shares at an exercise price of $4.00 per share through September 30, 2029.
F3 Not applicable.
F4 Left blank intentionally.
F5 1,441,500 derivative securities include the following: (i) 390,625 common stock purchase warrants exercisable at $4.00 per share through September 2023; (ii) 10-year options to purchase 35,000 shares granted on December 8, 2021; and (iii) warrants to purchase 1,015,875 shares exercisable through September 30, 2029 which were issuable on June 30, 2022 as a result of the note conversion.