Key facts
- This page summarizes Terrence DeFranco's Form 4 filing for IOTA COMMUNICATIONS, INC..
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 20 May 2021, 19:23.
Terrence DeFranco - 20 Oct 2020 Form 4 Insider Report for IOTA COMMUNICATIONS, INC.
- Reporting relationship
- CEO, President, Director, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 20 Oct 2020
- Net transaction value
- $0
- Reporting owner signature
- /s/ Terrence DeFranco
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Terrence DeFranco filed Form 4 for IOTA COMMUNICATIONS, INC. on 20 May 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- 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
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.
IOTC
transaction
Common Stock
Award
- Transaction value
- Shares
- +44,864,714
- Change %
- +4449%
- Price
- Shares after
- 45,873,047
- Date
- 20 Oct 2020
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
IOTC
transaction
Derivative
Stock Options (right to buy)
Disposed to Issuer
- Transaction value
- Shares
- -13,475,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 19 May 2021
- Ownership
- Direct
- Underlying class
- Common stock
- Underlying amount
- 13,475,000
- Exercise price
- Footnotes
- F2
IOTC
transaction
Derivative
Stock Options (right to buy)
Award
- Transaction value
- Shares
- +13,475,000
- Change %
- Price
- Shares after
- 13,475,000
- Date
- 19 May 2021
- Ownership
- Direct
- Underlying class
- Common stock
- Underlying amount
- 13,475,000
- Exercise price
- $0.2700
- Footnotes
- 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
These shares were distributed to the Reporting Person by Spectrum Networks Group, LLC, a company in which the Reporting Person was a member at the time of such distribution.
Footnote F2
Options to acquire up to 13,475,000 common stock of the issuer previously granted to the Reporting Persons were cancelled and returned to the issuer pursuant to the Stock Option Termination Agreement between the Reporting Person and the issuer, dated May 19, 2021. These options were granted by the Issuer to the Reporting Person under the Issuer's equity incentive plans and included the following options: (i) an option granted on April 8, 2014 to acquire 675,000 shares at an exercise price of $1.20 per share; (ii) an option granted on April 22, 2016 to acquire 500,000 shares at an exercise price of $0.60 per share; (iii) an option granted on April 22, 2016 to acquire 300,000 shares at an exercise price of $1.20 per share; (iv) an option granted on September 5, 2018 to acquire 4,000,000 shares at an exercise price of $0.99 per share, and (v) an option granted on April 1, 2019 to acquire 8,000,000 shares at an exercise price of $0.50 per share.
Footnote F3
These options were granted by the Issuer to the Reporting Person on May 19, 2021 pursuant to the Issuer's 2017 Equity Incentive Plan and are fully vested upon issuance.