Key facts
- This page summarizes James Francis Dullinger's Form 4 filing for IOTA COMMUNICATIONS, INC..
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 07 Jan 2022, 15:12.
James Francis Dullinger - 27 Dec 2021 Form 4 Insider Report for IOTA COMMUNICATIONS, INC.
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- N/A
- Reported as of
- 27 Dec 2021
- Net transaction value
- -$48,980
- SEC form
- 4
- Accepted by SEC
- 07 Jan 2022, 15:12:33 UTC
- Prior SEC filing
- 24 May 2021
- Next SEC filing
- 29 Mar 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ James F. Dullinger
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
James Francis Dullinger filed Form 4 for IOTA COMMUNICATIONS, INC. on 07 Jan 2022.
Change
- Previous filing in this sequence was filed on 24 May 2021.
- Current net transaction value: -$48,980.
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
Other
- Transaction value
- $48,980
- Shares
- -408,163
- Change %
- -100%
- Price
- $0.1200*
- Shares after
- 0
- Date
- 27 Dec 2021
- 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)
Other
- Transaction value
- $0
- Shares
- +800,000
- Change %
- +67%
- Price
- $0.000000
- Shares after
- 2,000,000
- Date
- 27 Dec 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- Exercise price
- $0.1200
- Footnotes
- F1, F2, F3
IOTC
transaction
Derivative
Stock Options (right to buy)
Award
- Transaction value
- $0
- Shares
- +750,000
- Change %
- Price
- $0.000000
- Shares after
- 750,000
- Date
- 08 Dec 2020
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- Exercise price
- $0.1200
- Footnotes
- 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 December 27, 2021, the Reporting Person rescinded the shares of common stock acquired via the cashless exercise on May 21, 2021. Pursuant to the Stock Option Rescission Agreement between the issuer and the Reporting Person, the 408,163 shares of common stock that were issued to the Reporting Person as a result of the May 2021 Option Exercise were returned to the issuer, and the 800,000 options that relate to the rescission and return of these shares were reinstated as vested and available for future exercise by the Reporting Person as part of the original 2,000,000 options that were granted to the Reporting Person as referenced under footnote 3.
Footnote F2
On May 21, 2021, the Reporting Person exercised, via a cashless exercise, stock options to acquire 800,000 shares of common stock of the issuer, at the exercise price of $0.12 per share. In connection with the cashless exercise of these stock options, the issuer withheld options to acquire 391,837 shares common stock of the issuer to satisfy the exercise price and issued to the Reporting Person the remaining 408,163 shares of common stock.
Footnote F3
On December 9, 2019, options to purchase an aggregate of 2,000,000 shares of common stock of the issuer were granted to the Reporting Person. Pursuant to the Stock Option Modification Agreement between the issuer and the Reporting Person, these options became fully vested on December 8, 2020, with 50% of the stock options exercisable at the exercise price of $0.12 per share; 25% of the stock options exercisable at the exercise price of $0.25 per share; and the remaining 25% of the stock options exercisable at the exercise price of $0.35 per share.
Footnote F4
On December 8, 2020, and in connection with his annual bonus, the Reporting Person was granted fully vested options with anti-dilution provisions to acquire 750,000 shares (or approximately 0.25% of then outstanding shares) of the issuer's common stock at the exercise price of $0.12 per share.