Aaron Speach - Jul 1, 2022 Form 4 Insider Report for EBET, Inc. (EBET)

Role
Chief Executive Officer, Director
Signature
/s/ Aaron Speach
Stock symbol
EBET
Transactions as of
Jul 1, 2022
Transactions value $
$0
Form type
4
Date filed
7/6/2022, 05:00 PM
Previous filing
Nov 9, 2021
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBET Common Stock Options Exercise +200K +40% 700K Jul 1, 2022 See Foonote F1, 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 EBET Restricted Stock Units Options Exercise -200K -66.67% 100K Jul 1, 2022 Common Stock 200K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issued on vesting of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F2 200,000 shares of common stock are held by the reporting person and 500,000 shares of common stock are held by Aaron Speachless Entertainment LLC, of which the reporting person is the manager.
F3 The restricted stock units vested as follows: (i) 100,000 shares of common stock based on the Issuer reaching total gross revenues of $10,000,000 in any trailing 12 month period during the term of the employment agreement between the reporting person and the Issuer; and (ii) 100,000 shares of common stock based on the Issuer reaching total gross revenues of $20,000,000 in any trailing 12 month period during the term of the employment agreement between the reporting person and the Issuer.
F4 Issued in connection with the reporting person's employment with the Issuer.