Key facts
- This page summarizes Cornelis F. Wit's Form 4 filing for GIGA TRONICS INC.
- 3 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 12 Sep 2022, 06:11.
Cornelis F. Wit - 08 Sep 2022 Form 4 Insider Report for GIGA TRONICS INC
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 08 Sep 2022
- Net transaction value
- -$3,004,953
- Reporting owner signature
- /s/ Cornelis F. Wit
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Cornelis F. Wit filed Form 4 for GIGA TRONICS INC on 12 Sep 2022.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$3,004,953.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GIGA
transaction
Derivative
Series B Convertible Voting Perpetual Preferred Shares
Disposed to Issuer
- Transaction value
- $1,901,289
- Shares
- -8,231
- Change %
- -100%
- Price
- $231.00
- Shares after
- 0
- Date
- 08 Sep 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 54,871
- Exercise price
- $34.65
- Footnotes
- F1, F2
GIGA
transaction
Derivative
Series C Convertible Voting Perpetual Preferred Shares
Disposed to Issuer
- Transaction value
- $448,315
- Shares
- -3,071
- Change %
- -100%
- Price
- $146.00
- Shares after
- 0
- Date
- 08 Sep 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 20,471
- Exercise price
- $21.90
- Footnotes
- F1, F2
GIGA
transaction
Derivative
Series D Convertible Voting Perpetual Preferred Shares
Disposed to Issuer
- Transaction value
- $655,349
- Shares
- -4,583
- Change %
- -100%
- Price
- $143.00
- Shares after
- 0
- Date
- 08 Sep 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 30,552
- Exercise price
- $21.45
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Cornelis F. Wit is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
Each share of preferred stock is convertible at any time upon request into shares of common stock on a 1:6.67 basis. Such preferred stock has no expiration date.
Footnote F2
The Issuer agreed to repurchase all shares of its outstanding preferred stock upon the closing of the transactions contemplated by the Share Exchange Agreement dated as of December 27, 2021 by and among the Issuer, BitNile Holdings, Inc. and Gresham Worldwide, Inc., which closing occurred on September 8, 2022.