Allan Evans - Apr 30, 2024 Form 4 Insider Report for Unusual Machines, Inc. (UMAC)

Role
Chief Executive Officer, Director
Signature
/s/ Allan Evans
Stock symbol
UMAC
Transactions as of
Apr 30, 2024
Transactions value $
$635,600
Form type
4
Date filed
5/2/2024, 04:40 PM
Previous filing
Feb 13, 2024
Next filing
May 28, 2024
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UMAC Common Stock Award $586K +488K $1.20 488K Apr 30, 2024 By: 8 Consulting LLC F1, F2
transaction UMAC Common Stock Award $50K +40.7K +8.33% $1.23 529K May 2, 2024 By: 8 Consulting LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of restricted common stock were granted under the Issuer's 2022 Equity Incentive Plan. The shares are fully vested, but are subject to pro rata forfeiture from February 14, 2024 until February 14, 2025, in the event the Reporting Person is terminated or ends his services to the Issuer for any reason other than death or disability, as defined in the Internal Revenue Code.
F2 The shares are held by 8 Consulting LLC, which the Reporting Person is the sole owner and holds voting and dispositive control.
F3 The May 2, 2024, grant was in exchange for a $50,000 compensation reduction.