Kothari Shanoop 4
4 · LUXURBAN HOTELS INC. · Filed Dec 20, 2022
Insider Transaction Report
Form 4
Kothari Shanoop
Chief Financial Officer
Transactions
- Award
Common Stock
2022-12-20+875,000→ 1,466,833 total - Other
Employee Stock Options
2022-12-20−500,000→ 0 totalExercise: $4.00From: 2023-02-12Exp: 2032-08-12→ Common Stock (500,000 underlying)
Holdings
- 62,500
Warrants
Exercise: $4.20From: 2022-08-12Exp: 2027-08-12→ Common Stock (62,500 underlying)
Footnotes (2)
- [F1]This acquisition of 875,000 restricted shares is made pursuant to the Issuer's 2022 Long-Term Incentive Plan. These shares vest immediately, but up to 75% of such shares are subject to forfeiture in the event his employment is terminated by the issuer for Cause (as defined in the Restricted Stock Award Agreement) or by Mr., Kothari other than as a Good Reason Resignation (as defined in the Restricted Stock Award Agreement).
- [F2]Represents the cancellation of 500,000 options issued under the Issuer's 2022 Long-Term Incentive Plan. Mr. Kothari and the Issuer mutually agreed upon the cancellation of the options hereby disposed.