Alex Cunningham - Oct 25, 2024 Form 4 Insider Report for Cardiff Lexington Corp (CDIX)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Alex Cunningham
Stock symbol
CDIX
Transactions as of
Oct 25, 2024
Transactions value $
$100,025,000
Form type
4
Date filed
12/4/2024, 02:24 PM
Previous filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDIX Common Stock Conversion of derivative security $25K +12.5K +1.25% $2.00 1.01M Oct 25, 2024 Direct F1
transaction CDIX Common Stock Conversion of derivative security $100M +10K +0.99% $10,000.00 1.02M Oct 25, 2024 Direct 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 CDIX Series B Preferred Stock Conversion of derivative security $0 -6.25K -100% $0.00 0 Oct 25, 2024 Common Stock 12.5K $2.00 Direct F1, F4
transaction CDIX Series C Preferred Stock Conversion of derivative security $0 -1 -100% $0.00 0 Oct 25, 2024 Common Stock 10K $10,000.00 Direct F2, F5
transaction CDIX Series I Preferred Stock Other $0 -511K -8.89% $0.00 5.23M Nov 20, 2024 Common Stock Direct F3, F6
transaction CDIX Series B Preferred Stock Other $0 +375K $0.00 375K Nov 20, 2024 Common Stock Direct F3, F4, F7
transaction CDIX Series C Preferred Stock Other $0 +24 $0.00 24 Nov 20, 2024 Common Stock Direct F3, F5, F8
transaction CDIX Series E Preferred Stock Other $0 +50K $0.00 50K Nov 20, 2024 Common Stock Direct F3, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 25, 2024, the reporting person converted 6,250 shares of Series B Preferred Stock into 12,500 shares of Common Stock.
F2 On October 25, 2024, the reporting person converted 1 share of Series C Preferred Stock into 10,000 shares of Common Stock.
F3 On November 20, 2024, the reporting person entered into a cancellation and exchange agreement with the issuer, pursuant to which the reporting person surrendered 510,704 shares of Series I Preferred Stock to the issuer for cancellation in exchange for the issuance of 375,000 shares of Series B Preferred Stock, 24 shares of Series C Preferred Stock and 50,000 shares of Series E Preferred Stock to the reporting person.
F4 The Series B Preferred Stock has no expiration date.
F5 The Series C Preferred Stock has no expiration date.
F6 Each share of Series I Preferred Stock is convertible into such number of shares of Common Stock as is determined as follows: (i) if the closing market price of the Common Stock on the principal trading market on which the Common Stock is then traded or quoted is less than $4.00 per share, then each share of Series I Preferred Stock shall be convertible into a number of shares of Common Stock equal to two (2) times the stated value ($4.00 per share), divided by such closing market price on the date of conversion; or (ii) if such closing market price is equal to or greater than $4.00 per share, then each share of Series I Preferred Stock shall be convertible into two (2) shares of Common Stock. The Series I Preferred Stock has no expiration date.
F7 Each share of Series B Preferred Stock is convertible at any time into such number of shares of Common Stock as is determined as follows: (i) if the closing market price of the Common Stock on the principal trading market on which the Common Stock is then traded or quoted is less than $4.00 per share, then each share of Series B Preferred Stock shall be convertible into a number of shares of Common Stock equal to two (2) times the stated value ($4.00 per share), divided by such closing market price on the date of conversion; or (ii) if such closing market price is equal to or greater than $4.00 per share, then each share of Series B Preferred Stock shall be convertible into two (2) shares of Common Stock.
F8 Each share of Series C Preferred Stock is convertible at any time into such number of shares of Common Stock as is determined by dividing the stated value ($4.00 per share) by a conversion price of $0.0004.
F9 Each share of Series E Preferred Stock is convertible at any time into such number of shares of Common Stock as is determined as follows: (i) if the closing market price of the Common Stock on the principal trading market on which the Common Stock is then traded or quoted is less than $4.00 per share, then each share of Series E Preferred Stock shall be convertible into a number of shares of Common Stock equal to two (2) times the stated value ($4.00 per share), divided by such closing market price on the date of conversion; or (ii) if such closing market price is equal to or greater than $4.00 per share, then each share of Series E Preferred Stock shall be convertible into two (2) shares of Common Stock. The Series E Preferred Stock has no expiration date.