Key facts
- This page summarizes Todd Robert Michaels's Form 4 filing for Correlate Energy Corp. (CIPI).
- 2 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 30 May 2024, 12:08.
Todd Robert Michaels - 23 May 2024 Form 4 Insider Report for Correlate Energy Corp. (CIPI)
- Reporting relationship
- President and CEO, Director, 10%+ Owner
- Issuer ticker
- CIPI
- Reported as of
- 23 May 2024
- Net transaction value
- +$5,120,000,000
- SEC form
- 4
- Accepted by SEC
- 30 May 2024, 12:08:49 UTC
- Prior SEC filing
- 27 Oct 2023
- Next SEC filing
- 21 Jun 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Todd Robert Michaels
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Todd Robert Michaels filed Form 4 for Correlate Energy Corp. (CIPI) on 30 May 2024.
Change
- Previous filing in this sequence was filed on 27 Oct 2023.
- Current net transaction value: +$5,120,000,000.
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 derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CIPI
transaction
Derivative
Convertible Promissory Note
Award
- Transaction value
- $5,120,000,000
- Shares
- +64,000
- Change %
- +5.3%
- Price
- $80000.00*
- Shares after
- 1,264,000
- Date
- 23 May 2024
- Ownership
- Direct
- Underlying class
- Common stock
- Underlying amount
- 64,000
- Exercise price
- $1.25
- Footnotes
- F1
CIPI
transaction
Derivative
Warrant
Award
- Transaction value
- $0
- Shares
- +80,000
- Change %
- +6.3%
- Price
- $0.000000
- Shares after
- 1,344,000
- Date
- 23 May 2024
- Ownership
- Direct
- Underlying class
- Common stock
- Underlying amount
- 80,000
- Exercise price
- $0.8500
- Footnotes
- F2, F3
CIPI
holding
Derivative
Warrant
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 50,000
- Date
- 23 May 2024
- Ownership
- By Spouse
- Underlying class
- Common stock
- Underlying amount
- 50,000
- Exercise price
- $1.00
* 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
The note is convertible into common stock of the Issuer at the lesser of: (i) $1.25 per share of the Company's Common Stock, subject to adjustment for stock splits or (ii) a thirty percent (30%) discount to the public offering price per share of Common Stock or unit (consisting of one share of Common Stock and warrants) sold by the Company in connection with a public offering, however, $1.25 has been used for purposes of filing this Form 4.
Footnote F2
The warrants are exercisable at an exercise price equal to the lower of: (i) $0.85 per share, as adjusted for stock splits and other adjustments, and (ii) the offering price of the Company's Common Stock, or units consisting of one share of Common Stock and warrants in connection with a public offering, however, $0.85 has been used for purposes of filing this Form 4.
Footnote F3
Issued as consideration in connection with the purchase of a convertible promissory note from the Issuer.