Madhu Sanjay 4
4 · OXBRIDGE RE HOLDINGS Ltd · Filed Oct 2, 2023
Insider Transaction Report
Form 4
Madhu Sanjay
DirectorCEO, President
Transactions
- Purchase
Ordinary Shares
2023-09-29$1.20/sh+50,000$59,860→ 130,000 total
Holdings
- 175,000
Share Options (right to buy)
Exercise: $6.00Exp: 2031-03-02→ Ordinary Shares (175,000 underlying) - 125,231(indirect: See Footnote)
Ordinary Shares
- 25,000
Share Options (right to buy)
Exercise: $6.06Exp: 2027-01-20→ Ordinary Shares (25,000 underlying) - 98,768(indirect: See Footnote)
Warrants to Purchase Ordinary Shares
Exercise: $7.50Exp: 2024-03-26→ Ordinary Shares (98,768 underlying) - 200,000
Share Options (right to buy)
Exercise: $2.00Exp: 2029-03-16→ Ordinary Shares (200,000 underlying) - 25,000
Share Options (right to buy)
Exercise: $6.00Exp: 2026-01-16→ Ordinary Shares (25,000 underlying) - 105,000(indirect: See Footnote)
Warrants to Purchase Ordinary Shares
Exercise: $7.50Exp: 2024-03-26→ Ordinary Shares (105,000 underlying) - 120,000
Share Options (right to buy)
Exercise: $6.00Exp: 2025-01-23→ Ordinary Shares (120,000 underlying)
Footnotes (4)
- [F1]The price in Column 4 is a weighted average price. The prices actually received ranged from $1.06 to $1.40. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.
- [F2]Shares indirectly held in the name of Universal Finance and Investments, L.C., which is 100% owned by the Reporting Person.
- [F3]These share options vest in increments of 6.25% each on a quarterly basis, commencing on the date granted, and continuing on April 1st, July 1st, October 1st and January 1st of each calendar year, over a four-year period.
- [F4]Currently exercisable.