Maydan Rothblum - 29 Sep 2023 Form 4 Insider Report for Glimpse Group, Inc. (VRAR)

Reporting relationship: CFO and COO, Director
Issuer ticker: VRAR
Reported as of: 29 Sep 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 03 Oct 2023, 17:00:28 UTC
Prior SEC filing: 31 May 2023
Next SEC filing: 05 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Maydan Rothblum

Key filing fact

Maydan Rothblum filed Form 4 for Glimpse Group, Inc. (VRAR) on 03 Oct 2023.

Key facts

This page summarizes Maydan Rothblum's Form 4 filing for Glimpse Group, Inc. (VRAR).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 03 Oct 2023, 17:00.

Change

Previous filing in this sequence was filed on 31 May 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.

VRAR transaction Derivative

Stock Option

Disposed to Issuer

Transaction value: $625,000
Shares: -250,000
Change %: -100%
Price: $2.50
Shares after: 0
Date: 29 Sep 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 250,000
Exercise price: $2.50
Footnotes: F1

VRAR transaction Derivative

Stock Option

Award

Transaction value: $625,000
Shares: +250,000
Change %
Price: $2.50
Shares after: 250,000
Date: 29 Sep 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 250,000
Exercise price: $2.50
Footnotes: F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On September 29, 2023, Mr. Rothblum voluntarily cancelled a previously issued stock option dated June 20, 2017, which cancelled a fully-vested option to purchase 250,000 shares of common stock with an exercise price of $2.50 per share.

Footnote F2

The newly granted option to purchase 250,000 shares of common stock at an exercise price of $2.50 is subject to a 75 month vesting schedule of 3,333 shares per month for 74 months (with the first vest occurring on October 29, 2023), and 3,358 vesting on the final month.

Footnote F3

The direct beneficial ownership set forth above does not include 3,528 shares indirectly held by Mr. Rothblum (through Mr. Rothblum's mother, Naomi Rothblum) and does not include: (i) 486,450 shares of common stock held by Mr. Rothblum; (ii) 70,180 fully-vested options to purchase common stock held by Mr. Rothblum; and (iii) 770,000 options to purchase common stock into which Mr. Rothblum may vest upon achieving certain performance milestones.