Key facts
- This page summarizes Rodney Barreto's Form 4 filing for Progressive Care Inc..
- 11 reported transactions and 8 derivative rows are listed below.
- Accepted by SEC: 30 Jun 2023, 17:33.
Rodney Barreto - 09 May 2023 Form 4 Insider Report for Progressive Care Inc.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 09 May 2023
- Net transaction value
- +$455,001,001,002
- SEC form
- 4
- Accepted by SEC
- 30 Jun 2023, 17:33:46 UTC
- Prior SEC filing
- 07 Apr 2023
- Next SEC filing
- 20 Oct 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Rodney Barreto
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Rodney Barreto filed Form 4 for Progressive Care Inc. on 30 Jun 2023.
Change
- Previous filing in this sequence was filed on 07 Apr 2023.
- Current net transaction value: +$455,001,001,002.
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 non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
RXMD
transaction
Common Stock
Conversion of derivative security
- Transaction value
- $502,128
- Shares
- +228,240
- Change %
- +253%
- Price
- $2.20
- Shares after
- 318,517
- Date
- 09 May 2023
- Ownership
- By RLB Market Investments LLC
- Footnotes
- F1, F7, F8
RXMD
transaction
Common Stock
Purchase
- Transaction value
- $1,001,000
- Shares
- +455,000
- Change %
- +143%
- Price
- $2.20
- Shares after
- 773,517
- Date
- 09 May 2023
- Ownership
- By NextPlat Corp
- Footnotes
- F4, F6, F7
RXMD
transaction
Common Stock
Conversion of derivative security
- Transaction value
- $1,255,318
- Shares
- +570,599
- Change %
- +74%
- Price
- $2.20
- Shares after
- 1,344,116
- Date
- 09 May 2023
- Ownership
- By NextPlat Corp
- Footnotes
- F1, F6, F7
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
RXMD
transaction
Derivative
Convertible Note
Conversion of derivative security
- Transaction value
- $502,127
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 09 May 2023
- Ownership
- By RLB Market Investments LLC
- Underlying class
- Common Stock
- Underlying amount
- 228,240
- Exercise price
- $2.20
- Footnotes
- F8
RXMD
transaction
Derivative
Common Stock Warrants
Purchase
- Transaction value
- $0
- Shares
- +228,240
- Change %
- Price
- $0.000000
- Shares after
- 228,240
- Date
- 09 May 2023
- Ownership
- By RLB Market Investments LLC
- Underlying class
- Common Stock
- Underlying amount
- 228,240
- Exercise price
- $2.20
- Footnotes
- F2, F8
RXMD
transaction
Derivative
Common Stock Warrants
Purchase
- Transaction value
- $0
- Shares
- +30,000
- Change %
- Price
- $0.000000
- Shares after
- 30,000
- Date
- 09 May 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 30,000
- Exercise price
- $2.20
- Footnotes
- F3
RXMD
transaction
Derivative
Common Stock Warrant
Purchase
- Transaction value
- $455,000,000,000
- Shares
- +455,000
- Change %
- Price
- $1000000.00*
- Shares after
- 455,000
- Date
- 09 May 2023
- Ownership
- By NextPlat Corp
- Underlying class
- Common Stock
- Underlying amount
- 455,000
- Exercise price
- $2.20
- Footnotes
- F4, F6
RXMD
transaction
Derivative
Convertible Note
Conversion of derivative security
- Transaction value
- $1,255,317
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 09 May 2023
- Ownership
- By NextPlat Corp
- Underlying class
- Common Stock
- Underlying amount
- 570,599
- Exercise price
- $2.20
- Footnotes
- F1, F6
RXMD
transaction
Derivative
Common Stock Warrants
Purchase
- Transaction value
- $0
- Shares
- +570,599
- Change %
- +250%
- Price
- $0.000000
- Shares after
- 798,839
- Date
- 09 May 2023
- Ownership
- By NextPlat Corp
- Underlying class
- Common Stock
- Underlying amount
- 570,599
- Exercise price
- $2.20
- Footnotes
- F2, F6
RXMD
transaction
Derivative
Convertible Note
Conversion of derivative security
- Transaction value
- $10,000,000
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 16 Nov 2022
- Ownership
- By NextPlat Corp
- Underlying class
- Common Stock
- Underlying amount
- $10,000,000
- Exercise price
- $0.0300
- Footnotes
- F5, F6
RXMD
transaction
Derivative
Convertible Note
Conversion of derivative security
- Transaction value
- $10,000,000
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 16 Nov 2022
- Ownership
- By NextPlat Corp
- Underlying class
- Common Stock
- Underlying amount
- $10,000,000
- Exercise price
- $2.20
- Footnotes
- F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 8 footnotes
Footnote F1
On May 9, 2023, the Reporting Person entered into a Debt Conversion Agreement whereby Issuer issued 228,240 shares of the Issuer's common stock to the Reporting Person upon conversion of the Reporting Person's share of outstanding principal and accrued and unpaid interest of a Secured Promissory Note dated September 2, 2022, at a conversion price of $2.20 per share.
Footnote F2
Pursuant to the Debt Conversion Agreement dated May 9, 2023, Issuer agreed to issue one warrant for a number of shares equal to the number of conversion shares issued to the Reporting Person. The warrants have a five-year term, are immediately exercisable, and have an exercise price of $2.20.
Footnote F3
On May 9, 2023, the Reporting Person was issued warrants to purchase 30,000 shares of common stock of the Issuer as an inducement to approve the transaction contemplated by the Securities Purchase Agreement dated May 5, 2023. The warrants have a three-year term, are immediately exercisable, and have an exercise price of $2.20.
Footnote F4
On May 5, 2023, the Issuer entered into a Securities Purchase Agreement with NextPlat Corp, whereby NextPlat Corp. agreed to purchase 455,000 units of securities, consisting of one share of common stock and one warrant. Each warrant is exercisable at $2.20 per share. The warrants are immediately exercisable and have a term of three years.
Footnote F5
On May 9, 2023, NextPlat Corp entered into a First Amendment to the Securities Purchase Agreement dated November 16, 2022 (the "Debenture Purchase Agreement"), resulting in the cancellation of the "old" convertible note and the purchase of a replacement convertible note. Pursuant to the Amendment, NextPlat Corp agreed to amend the Debenture Purchase Agreement and the Form of Debenture to increase the conversion price to $2.20 per share. The debentures are convertible at any time, upon NextPlat Corp.'s election, to shares of the Issuer's common stock. No debentures have been purchased to date.
Footnote F6
The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Footnote F7
Includes 33,261 shares of common stock directly held by the Reporting Person; 45,652 shares of common stock held indirectly by NextPlat Corp., of which the Reporting Person is a director; and 11,364 shares of common stock held indirectly by RLB Market Investments LLC, of which the Reporting person is the president.
Footnote F8
The Reporting Person is the president of RLB Market Investments LLC.