Peter Martin Hager - Dec 22, 2023 Form 4 Insider Report for Electronic Servitor Publication Network, Inc. (XESP)

Signature
/s/ Ashley L. Duran, Attorney-in-fact for Peter Martin Hager
Stock symbol
XESP
Transactions as of
Dec 22, 2023
Transactions value $
$0
Form type
4
Date filed
12/27/2023, 02:23 PM
Previous filing
Oct 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XESP Common Stock Award +7.78M +100% 15.6M Dec 22, 2023 Direct F1
transaction XESP Common Stock Award +7.78M +100% 15.6M Dec 22, 2023 by LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer, Electronic Servitor Publication Network, Inc., entered into an Agreement and Plan of Merger with Pointward Inc. on Friday, December 22, 2023 (the "Merger"). Pursuant to the terms of the Merger, Reporting Person, Peter Martin Hager, as a shareholder of Pointward Inc., received 7,782,000 shares of the Issuer's Common Stock. The Merger was a cashless stock-for-stock exchange whereby Reporting Person received 7,782,000 shares of the Issuer's Common Stock as his shares of common stock of Pointward, Inc. were converted to shares of the Issuer's Common Stock on a one-for-one basis. The closing price of the Issuer's Common Stock on OTCQB was $0.1989 on December 22, 2023, the effective date of the Merger.
F2 Pursuant to the terms of the Merger, Calisota Tech LLC received 7,782,000 shares of the Issuer's Common Stock as a shareholder of Pointward Inc. Calisota Tech LLC is an entity owned and controlled by the Reporting Person and Jonathan Sweetser, a consultant of the Issuer. The Merger was a cashless stock-for-stock exchange whereby Calisota Tech LLC received 7,782,000 shares of the Issuer's Common Stock as its shares of common stock of Pointward, Inc. were converted to shares of the Issuer's Common Stock on a one-for-one basis. The closing price of the Issuer's Common Stock on OTCQB was $0.1989 on December 22, 2023, the effective date of the Merger.
F3 The Reporting Person is the beneficial owner of the Issuer's Common Stock held by Calisota Tech LLC.