John Francis Possumato - Apr 20, 2022 Form 4 Insider Report for Driveitaway Holdings, Inc. (CLCN)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ John Possumato, Individually
Stock symbol: CLCN
Transactions as of: Apr 20, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/29/2022, 04:01 PM
Previous filing: Apr 29, 2022
Next filing: Jun 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLCN	Common Stock	Options Exercise		+1.91M			1.91M	Apr 20, 2022	Direct	F1
transaction	CLCN	Common Stock	Options Exercise		+34.9M			34.9M	Apr 20, 2022	Driveitaway, LLC	F1, 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	CLCN	Series A Convertible Preferred Stock	Conversion of derivative security		-56.3K	-100%		0	Apr 20, 2022	Common Stock	1.91M		Direct	F1
transaction	CLCN	Series A Convertible Preferred Stock	Conversion of derivative security		-1.03M	-100%		0	Apr 20, 2022	Common Stock	34.9M		Driveitaway, LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The common shares were acquired upon the voluntary conversion of Series A Convertible Preferred Stock held by the reporting person. Each share of Series A Convertible Preferred Stock was convertible into 33.94971 shares of common stock at the option of the holder, and mandatorily at the option of the company under certain circumstances.
F2	John Possumato is the manager of DriveItAway, LLC, and has 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.