Dennis Chang - Oct 27, 2023 Form 4 Insider Report for Voip-pal.com Inc (VPLM)

Role
Director
Signature
DENNIS CHANG
Stock symbol
VPLM
Transactions as of
Oct 27, 2023
Transactions value $
$0
Form type
4
Date filed
10/30/2023, 03:26 PM
Previous filing
Oct 27, 2023
Next filing
Nov 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VPLM COMMON Options Exercise $25K +5M $0.01 5M Oct 27, 2023 Direct F1
transaction VPLM COMMON Tax liability -$25K -1.35M -27.03% $0.02 3.65M Oct 27, 2023 Direct F1

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 VPLM WARRANTS 35M Oct 27, 2023 COMMON 35M $0.01 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects 1,351,351 shares withheld by issuer at the market price of $0.0185 per share less an exercise price of $0.005 per share to fund the cashless exercise of 5,000,000 options owned by the Reporting Person pursuant to the Plan and related Award Agreement

Remarks:

The transactions reported above in Table I that relate to the exercise of stock options reflect the cashless exercise transactions. The cashless exercise for each set of options is reported in two lines. The first line of the cashless exercise transaction is coded M in column 3 of Table I and reports in column 4 the number of shares issuable upon exercise of the options had cash been paid to exercise the options, together with the exercise price with Code A for acquired. The line coded F in column 3 of Table I relates to the same cashless exercise on the preceding line and reports in Column 4 the number of shares deducted from the total number of shares issuable to pay for the cashless exercise of such options with Code D for disposed. The number of derivative securities owned after the transactions reported in Table I are the warrants to purchase a total of 35,000,000 shares of common stock listed in column 9 of Table II.