Eric Laurence Swann - Dec 22, 2023 Form 4 Insider Report for Electronic Servitor Publication Network, Inc. (XESP)

Role
10%+ Owner
Signature
/s/ Eric Laurence Swann
Stock symbol
XESP
Transactions as of
Dec 22, 2023
Transactions value $
$0
Form type
4
Date filed
12/27/2023, 02:29 PM
Previous filing
Oct 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XESP Common Stock Award +2.5M +68.31% 6.16M Dec 22, 2023 Direct F1
* 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, Eric Laurence Swann, as a shareholder of Pointward Inc., received 2,500,000 shares of the Issuer's Common Stock. The Merger was a cashless stock-for-stock exchange. Since Reporting Person previously owned 2,500,000 shares of common stock of Pointward Inc., Reporting Person received 2,500,000 shares of the Issuer's Common Stock as his shares of common stock of Pointward, Inc. were converted to 2,500,000 shares of the Issuer's Common Stock on a one-for-one basis. The closing price of the Issuer's Common Stock on the OTCQB was $0.1989 on December 22, 2023, the effective date of the Merger.