Todd Robert Michaels - 14 Jun 2024 Form 4 Insider Report for Correlate Energy Corp. (CIPI)

Reporting relationship: President and CEO, Director, 10%+ Owner
Issuer ticker: CIPI
Reported as of: 14 Jun 2024
Net transaction value: +$44,121,388
SEC form: 4
Accepted by SEC: 21 Jun 2024, 15:52:14 UTC
Prior SEC filing: 30 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Todd Robert Michaels

Key filing fact

Todd Robert Michaels filed Form 4 for Correlate Energy Corp. (CIPI) on 21 Jun 2024.

Key facts

This page summarizes Todd Robert Michaels's Form 4 filing for Correlate Energy Corp. (CIPI).
8 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 21 Jun 2024, 15:52.

Change

Previous filing in this sequence was filed on 30 May 2024.
Current net transaction value: +$44,121,388.

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 non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CIPI transaction

Common Stock

Other

Transaction value: $11.62
Shares: +116,164
Change %: +4794%
Price: $0.000100^*
Shares after: 118,587
Date: 14 Jun 2024
Ownership: By Spouse
Footnotes: F1

CIPI transaction

Common Stock

Other

Transaction value: $38.22
Shares: +382,222
Change %: +322%
Price: $0.000100^*
Shares after: 500,809
Date: 14 Jun 2024
Ownership: By Spouse
Footnotes: F1

CIPI transaction

Common Stock

Other

Transaction value: $23.64
Shares: +236,371
Change %: +7%
Price: $0.000100^*
Shares after: 3,627,985
Date: 14 Jun 2024
Ownership: Direct
Footnotes: F1

CIPI transaction

Common Stock

Other

Transaction value: $4.92
Shares: +49,231
Change %: +1.4%
Price: $0.000100^*
Shares after: 3,677,216
Date: 14 Jun 2024
Ownership: Direct
Footnotes: F1

Reported derivative securities

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

CIPI transaction Derivative

Series A Preferred Stock

Other

Transaction value: $11,313,939
Shares: +106
Change %: +0.01%
Price: $106367.00^*
Shares after: 1,469,138
Date: 14 Jun 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 125,138
Exercise price: $0.8500
Footnotes: F1, F2, F3

CIPI transaction Derivative

Series A Preferred Stock

Other

Transaction value: $490,800
Shares: +22
Change %: +0%
Price: $22154.00^*
Shares after: 1,495,202
Date: 14 Jun 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 26,064
Exercise price: $0.8500
Footnotes: F1, F2, F3

CIPI transaction Derivative

Series A Preferred Stock

Other

Transaction value: $2,732,571
Shares: +52
Change %: +0.05%
Price: $52274.00^*
Shares after: 111,499
Date: 14 Jun 2024
Ownership: By Spouse
Underlying class: Common Stock
Underlying amount: 61,499
Exercise price: $0.8500
Footnotes: F1, F2, F3

CIPI transaction Derivative

Series A Preferred Stock

Other

Transaction value: $29,584,000
Shares: +172
Change %: +0.05%
Price: $172000.00^*
Shares after: 313,852
Date: 14 Jun 2024
Ownership: By Spouse
Underlying class: Common Stock
Underlying amount: 202,353
Exercise price: $0.8500
Footnotes: F1, 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

In connection the conversion of debt, the Company issued a combination of common stock and preferred stock to the Reporting Person.

Footnote F2

The Series A Preferred Stock has an initial conversion price of $0.85 per share, subject to adjustment for stock splits and a floating rate conversion price thereafter at a 25% discount to the 3-day VWAP prior to conversion and will exist until the Preferred Stock is retired, converted in full or repaid in full. The floating rate conversion price shall be subject to an initial floor price of $0.10 per share and will be increased upon the occurrence of a reverse split of the Company's common stock, but shall not exceed $0.50 per share in connection with any such reverse split.

Footnote F3

Perpetual.