George Oliva - 12 Jul 2023 Form 4 Insider Report for WISA TECHNOLOGIES, INC. (DVLT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 Jul 2023, 20:37:54 UTC
Prior SEC filing
20 Dec 2022
Next SEC filing
25 Oct 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ George Oliva

Key filing fact

George Oliva filed Form 4 for WISA TECHNOLOGIES, INC. (DVLT) on 14 Jul 2023.

Key facts

  • This page summarizes George Oliva's Form 4 filing for WISA TECHNOLOGIES, INC. (DVLT).
  • 1 reported transaction and 0 derivative rows are listed below.
  • Accepted by SEC: 14 Jul 2023, 20:37.

Change

  • Previous filing in this sequence was filed on 20 Dec 2022.
  • Current net transaction value: $0.

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 non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WISA transaction

Common Stock

Award

Transaction value
$0
Shares
+30,000
Change %
+1146%
Price
$0.000000
Shares after
32,618
Date
12 Jul 2023
Ownership
Direct
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

30,000 shares (the "LTIP Shares") of common stock, par value $0.0001 per share, of the issuer were received as compensation for the reporting person's service as an officer pursuant to the issuer's 2018 Long-Term Stock Incentive Plan (the "Grant"). Pursuant to a separation agreement entered into by the issuer and the reporting person on July 11, 2023 (the "Separation Agreement"), the LTIP Shares associated with the Grant will fully vest on December 20, 2023 (the "Separation Date"), or earlier pursuant to the terms of the Separation Agreement. All shares previously issued to the reporting person (other than the LTIP shares) will vest on the Separation Date.

Footnote F2

On January 26, 2023, the issuer effected a 1-for-100 reverse stock split. The number of securities reported on this Form 4 have been adjusted to reflect the reverse stock split as the split pertained to the number of securities of the issuer that the reporting person held prior to the grant of the LTIP Shares.

SEC remarks

Effective as of July 11, 2023, the reporting person resigned as Chief Financial Officer.

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