John Francis Possumato - 24 Feb 2022 Form 3 Insider Report for Driveitaway Holdings, Inc.

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ John Possumato, Individually
Issuer symbol
DWAY on OTC
Transactions as of
24 Feb 2022
Net transactions value
$0
Form type
3
Filing time
29 Apr 2022, 15:58:17 UTC
Next filing
29 Apr 2022
SEC
View on sec.gov

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
holding CLCN Series A Convertible Preferred Stock 24 Feb 2022 Common Stock 1,909,671 Direct F1, F2
holding CLCN Series A Convertible Preferred Stock 24 Feb 2022 Common Stock 34,931,837 DriveItAway, LLC F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Convertible Preferred Stock has no expiration date, and is convertible immediately into 33.94971 shares of common stock at the option of the holder, and mandatorily at the option of the company under certain circumstances. Each share of Series A Convertible Preferred Stock is entitled to receive dividends and vote on an "as converted" basis with the common stock.
F2 Based on 56,250 shares of Series A Convertible Preferred Stock owned by John Possumato.
F3 Based on 1,028,929 shares of Series A Convertible Preferred Stock owned by DriveItAway, LLC.
F4 John Possumato is the manager of DriveItAway, LLC, and voting control over shares owned by DriveItAway, LLC, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by DriveItAway, LLC, but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.