Raynard Veldman - 23 Aug 2022 Form 4 Insider Report for ENVIRO TECHNOLOGIES U.S., INC.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 23 Aug 2022
Net transaction value: +$90,000
SEC form: 4
Accepted by SEC: 29 Aug 2022, 16:33:14 UTC
Prior SEC filing: 04 Jan 2022
Source filing: View source filing
Reporting owner signature: /s/ Raynard Veldman

Key filing fact

Raynard Veldman filed Form 4 for ENVIRO TECHNOLOGIES U.S., INC. on 29 Aug 2022.

Key facts

This page summarizes Raynard Veldman's Form 4 filing for ENVIRO TECHNOLOGIES U.S., INC..
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 29 Aug 2022, 16:33.

Change

Previous filing in this sequence was filed on 04 Jan 2022.
Current net transaction value: +$90,000.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WOEN transaction Derivative

6% Unsecured Convertible Promissory Note

Award

Transaction value: $90,000
Shares
Change %
Price
Shares after: 0
Date: 23 Aug 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,500,000
Exercise price: $0.0600
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

On August 23, 2022 Enviro Technologies U.S., Inc. (the "Company") entered into a Share Exchange Agreement (the "Agreement") with Banner Midstream Corp., a Delaware corporation ("Banner Midstream") and Ecoark Holdings, Inc., a Nevada corporation and the sole shareholder of Banner Midstream. The Agreement contains customary representations and warranties, customary covenants and conditions to closing and additional conditions to closing. Pursuant to the Agreement, on August 23, 2022 the Company issued the Reporting Person a 6% convertible promissory note in the principal amount of $90,000, convertible at the option of the Reporting Person at $0.06 per share, with a maturity date of 12 months from the closing of the Agreement in satisfaction all of the Reporting Person's accrued payroll and advances to the Company.