Jeff Toghraie - 14 Oct 2024 Form 4 Insider Report for Axil Brands, Inc. (AXIL)

Reporting relationship: Chairman, CEO, Director, 10%+ Owner
Issuer ticker: AXIL
Reported as of: 14 Oct 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 15 Oct 2024, 16:15:36 UTC
Prior SEC filing: 24 Apr 2024
Source filing: View source filing
Reporting owner signature: /s/ Jeff Toghraie

Key filing fact

Jeff Toghraie filed Form 4 for Axil Brands, Inc. (AXIL) on 15 Oct 2024.

Key facts

This page summarizes Jeff Toghraie's Form 4 filing for Axil Brands, Inc. (AXIL).
1 reported transaction and 3 derivative rows are listed below.
Accepted by SEC: 15 Oct 2024, 16:15.

Change

Previous filing in this sequence was filed on 24 Apr 2024.
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

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.

AXIL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,246,700
Date: 14 Oct 2024
Ownership: By Intrepid Global Advisors
Footnotes: F1

Reported derivative securities

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

AXIL transaction Derivative

Stock Option (right to buy)

Award

Transaction value: $0
Shares: +350,000
Change %
Price: $0.000000
Shares after: 350,000
Date: 14 Oct 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 350,000
Exercise price: $4.01
Footnotes: F2

AXIL holding Derivative

Series A Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 15,456,750
Date: 14 Oct 2024
Ownership: By Intrepid Global Advisors
Underlying class: Common Stock
Underlying amount: 772,838
Exercise price
Footnotes: F1, F3

AXIL holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 155,000
Date: 14 Oct 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 155,000
Exercise price: $1.80
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

Jeff Toghraie is the managing director of Intrepid Global Advisors, Inc.

Footnote F2

Options vest in 48 equal monthly installments, beginning on October 14, 2024, the date of grant, subject to continued employment through the vesting date.

Footnote F3

The Series A Preferred Stock, par value $0.0001 per share (the "Preferred Stock"), is convertible into shares of the Issuer's common stock on a twenty-for-one basis, at the option of the holder, at any time; provided, that the holder may not convert that number of shares of Preferred Stock which would cause the holder to become the beneficial owner of more than 5% of the Issuer's common stock, as determined in accordance with Sections 13(d) and (g) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder. The Preferred Stock has no expiration date.

Footnote F4

Fully exercisable.