Key facts
- This page summarizes Scott W. Absher's Form 4 filing for ShiftPixy, Inc..
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 10 Sep 2024, 16:30.
Scott W. Absher - 06 Sep 2024 Form 4 Insider Report for ShiftPixy, Inc.
- Reporting relationship
- CEO, Director, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 06 Sep 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 10 Sep 2024, 16:30:40 UTC
- Prior SEC filing
- 16 Oct 2023
- Next SEC filing
- 02 Oct 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Scott W. Absher
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Scott W. Absher filed Form 4 for ShiftPixy, Inc. on 10 Sep 2024.
Change
- Previous filing in this sequence was filed on 16 Oct 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
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.
PIXY
transaction
Derivative
Option for preferred Class A Stock
Options Exercise
- Transaction value
- Shares
- +1
- Change %
- +0%
- Price
- Shares after
- 5,302,277
- Date
- 06 Sep 2024
- Ownership
- Direct
- Underlying class
- Preferred Class A
- Underlying amount
- 5,302,277
- Exercise price
- $0.000100
- Footnotes
- F1, F2, F3, F4, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
As previously reported, the Board of Directors of the Issuer granted to the Reporting Person an option to acquire 5,302,277 shares of the Issuer's Preferred Class A Stock, par value $0.0001 per share. The option was issued to the Reporting Person to compensate him for assisting the Issuer to secure compliance with Nasdaq's public float requirements in October of 2023, in connection with a reverse stock split, by donating nearly all of his previously held shares of common stock in the Issuer to five (5) different charities. The option is exercisable at any time following its issuance, subject to the conditions that the Issuer complete a reverse stock split and that the Reporting Person donate at least 50% of his shares of common stock to one or more charitable organizations. The 5,302,277 shares of the Issuer's Preferred Class A Stock are convertible for up to 5,302,277 shares of the Issuer's common stock. Each share of Class A preferred stock is not impacted by any reverse stock split.
Footnote F2
When the conditions for exercise are fulfilled, the option can be exercised upon submission of required documentation and the exercise price of the applicable par value per share based on the number of shares for which the option is exercised.
Footnote F3
The option is exercisable any time after the conditions of exercise are fulfilled. (See note 1)
Footnote F4
The option expires 12 months following the Issuer's next reverse split, if any, of its common stock.
Footnote F5
No cost was assigned to the option in as much as it was in the nature of an award for the Reporting Person's past actions. (See note 1)
Footnote F6
Assumes full exercise of the subject option and accordingly includes the 5,302,277 shares of the Issuer's Preferred Class A Stock, which are convertible to 5,302,277 shares of the Issuer's common stock. The Company's Chief Executive Officer will donate all of its current shares of common stock to various Charities as a condition to the exercise of such option along with the effectiveness of a future reverse stock split.