William McLeod - Feb 7, 2022 Form 4 Insider Report for Nestbuilder.com Corp. (REII)

Role: Secretary, Director
Signature: William McLeod
Stock symbol: REII
Transactions as of: Feb 7, 2022
Transactions value $: $24,750
Form type: 4
Date filed: 2/9/2022, 06:31 PM
Previous filing: Feb 11, 2022
Next filing: Mar 10, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	REII	Common Stock	Award	$24.8K	+275K	+175.61%	$0.09^*	432K	Feb 7, 2022	Direct	F1
transaction	REII	Common Stock	Conversion of derivative security	$10.9K	+156K	+56.46%	$0.07^*	432K	Feb 7, 2022	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	REII	Senior Convertible Promissory Note	Conversion of derivative security	-$10.9K				$0	Feb 7, 2022	Common Stock	156K	$0.07	Direct	F2
transaction	REII	Common Stock Purchase Warrant	Award		+575K			575K	Feb 7, 2022	Common Stock	575K	$0.09	Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	The grant of both the restricted Common Stock and the Common Stock Purchase Warrant was made in consideration of services to be rendered by the Reporting Person to the Issuer and other consideration set forth in a settlement agreement between the Reporting Person and the Issuer. The restricted Common Stock vests over eight equal quarterly installments, subject to acceleration as set forth in a Restricted Stock Award Agreement. The Common Stock Purchase Warrant vests and becomes exercisable as follows: 1/4 of the underlying shares vest one year from the issue date, and, thereafter, 1/12 of the remaining underlying shares vest on a monthly basis, subject to acceleration as set forth in the Common Stock Purchase Warrant.
F2	Each share of Common Stock was issued to the Reporting Person upon conversion of a 10% senior convertible promissory note with total principal and accrued but unpaid interest of $10,902.76.
F3	The Common Stock Purchase Warrant is exercisable by the Reporting Person, to the extent vested, for a period of five years from the date of issuance, into shares of common stock of the Issuer, subject to a 9.99% beneficial ownership limitation, at an exercise price of $0.09 per share or by a cashless exercise according to the formula set forth in the Warrant.