William J. Reed - Sep 29, 2022 Form 4 Insider Report for Boon Industries, Inc. (CSTF)

Role
Chief Executive Officer, Director
Signature
/s/ William J. Reed
Stock symbol
CSTF
Transactions as of
Sep 29, 2022
Transactions value $
$0
Form type
4
Date filed
10/14/2022, 09:28 AM
Previous filing
Sep 29, 2022

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 CSTF Series A Preferred Stock Award +500K +3333.33% 515K Sep 29, 2022 Common Stock 12.5B Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Preferred Stock has a stated value of $10.00 and is convertible into that number of shares of common stock equal to $10.00 divided by the closing market price of the common stock on the day of conversion. The amount of shares of common stock reported is based on the closing price of the common stock of $0.0004 on date of the event requiring this report.
F2 Each share of Series A Preferred Stock may be converted into common stock at any time, provided that a holder of Series A Preferred Stock may not convert their shares into more than 4.99% of the issued and outstanding shares of common stock.
F3 The shares were issued to the reporting person in consideration for the transfer to the issuer of all of the outstanding shares of Cal Care Grp, Inc.