David A. Bennett - 28 Feb 2022 Form 4 Insider Report for CERBERUS CYBER SENTINEL CORP (CISO)

Reporting relationship: Chief Operating Officer
Issuer ticker: CISO
Reported as of: 28 Feb 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 30 Mar 2023, 16:10:22 UTC
Prior SEC filing: 30 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Debra L. Smith, Attorney-in-Fact

Key filing fact

David A. Bennett filed Form 4 for CERBERUS CYBER SENTINEL CORP (CISO) on 30 Mar 2023.

Key facts

This page summarizes David A. Bennett's Form 4 filing for CERBERUS CYBER SENTINEL CORP (CISO).
9 reported transactions and 9 derivative rows are listed below.
Accepted by SEC: 30 Mar 2023, 16:10.

Change

Previous filing in this sequence was filed on 30 Mar 2023.
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 derivative securities

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

CISO transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +1,000,000
Change %
Price: $0.000000
Shares after: 1,000,000
Date: 28 Feb 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.00001
Underlying amount: 1,000,000
Exercise price: $3.50
Footnotes: F1

CISO transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +500,000
Change %
Price: $0.000000
Shares after: 500,000
Date: 28 Feb 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.00001
Underlying amount: 500,000
Exercise price: $3.50
Footnotes: F2

CISO transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +500,000
Change %
Price: $0.000000
Shares after: 500,000
Date: 28 Feb 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.00001
Underlying amount: 500,000
Exercise price: $3.50
Footnotes: F3

CISO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -1,000,000
Change %: -50%
Price
Shares after: 1,000,000
Date: 22 Aug 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.00001
Underlying amount: 1,000,000
Exercise price: $3.50
Footnotes: F1, F4

CISO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -500,000
Change %: -50%
Price
Shares after: 500,000
Date: 22 Aug 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.00001
Underlying amount: 500,000
Exercise price: $3.50
Footnotes: F2, F4

CISO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -500,000
Change %: -50%
Price
Shares after: 500,000
Date: 22 Aug 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.00001
Underlying amount: 500,000
Exercise price: $3.50
Footnotes: F3, F4

CISO transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
Shares: +1,000,000
Change %
Price
Shares after: 1,000,000
Date: 22 Aug 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.00001
Underlying amount: 1,000,000
Exercise price: $3.02
Footnotes: F1, F4

CISO transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
Shares: +500,000
Change %
Price
Shares after: 500,000
Date: 22 Aug 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.00001
Underlying amount: 500,000
Exercise price: $3.02
Footnotes: F2, F4

CISO transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
Shares: +500,000
Change %
Price
Shares after: 500,000
Date: 22 Aug 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.00001
Underlying amount: 500,000
Exercise price: $3.02
Footnotes: F3, F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

On February 28, 2022, the Reporting Person was granted stock options exercisable for 1,000,000 shares of common stock. The options will vest with respect to 25% of the underlying shares on February 28, 2023, and thereafter at a rate of 1/36 per month.

Footnote F2

On February 28, 2022, the Reporting Person was granted stock options exercisable for 500,000 shares of common stock. The options will vest with respect to 25% of the underlying shares on August 31, 2023, and thereafter at a rate of 1/36 per month.

Footnote F3

On February 28, 2022, the Reporting Person was granted stock options exercisable for 500,000 shares of common stock. The options will vest with respect to 25% of the underlying shares on February 28, 2024, and thereafter at a rate of 1/36 per month.

Footnote F4

The transactions reported herein reflect a repricing of the options effective on August 22, 2022, resulting in the cancellation of the options and the grant of replacement options. The exercise price of the options was reduced from $3.50 to $3.02 per share. All of the other terms of the options remain the same, including without limitation, the number of shares underlying the options, the vesting period of the options, and the expiration date of the options.