Drew Jones - 18 May 2021 Form 3 Insider Report for Digital Brands Group, Inc. (DBGI)

Role
10%+ Owner
Signature
Drew Jones
Issuer symbol
DBGI
Transactions as of
18 May 2021
Net transactions value
$0
Form type
3
Filing time
27 May 2021, 17:40:56 UTC
Next filing
23 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DBGI Common Stock 2,192,177 18 May 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The total number of shares of Common Stock includes 438,554 shares of Common Stock held in escrow, which are subject to the satisfaction of certain conditions contained in the transaction documents for the Company's acquisition of H&J.

Remarks:

Drew Jones, individually, and D Jones, LLC, a single-member limited liability company owned by Drew Jones, individually, and a disregarded entity for federal income tax purposes, own all of the outstanding partnership interests in D Jones Tailored Collection, Ltd., which shall be the recipient of the shares of Common Stock issued by the Company in exchange for all of the membership interests in H&J. Thus, Drew Jones, individually, is the ultimate owner of all of the shares of Common Stock issued by the Company.