DENNIS CHANG - 03 Jan 2024 Form 4 Insider Report for Voip-pal.com Inc (VPLM)

Role
Director
Signature
DENNIS CHANG
Issuer symbol
VPLM
Transactions as of
03 Jan 2024
Net transactions value
-$0.0096
Form type
4
Filing time
03 Jan 2024, 15:49:09 UTC
Previous filing
05 Jan 2024
Next filing
06 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VPLM COMMON Options Exercise $50,000 +10,000,000 +2664% $0.005000 10,375,358 03 Jan 2024 Direct F1
transaction VPLM COMMON Tax liability $50,000 -2,475,248 -24% $0.0202 7,900,110 03 Jan 2024 Direct F1
holding VPLM COMMON 375,358 03 Jan 2024 Direct

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 25,000,000 03 Jan 2024 COMMON 25,000,000 $0.005000 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects 2,475,248 shares withheld by issuer at the market price of $0.0202 per share less an exercise price of $0.005 per share to fund the cashless exercise of 10,000,000 warrants 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 warrants reflect the cashless exercise transactions. The cashless exercise for each set of warrants 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 warrants had cash been paid to exercise the warrants, 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 warrants 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 25,000,000 shares of common stock listed in column 9 of Table II.