4//SEC Filing
Ferdinand Brian 4
Accession 0001062993-24-012403
CIK 0001893311other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 5:23 PM ET
Size
11.0 KB
Accession
0001062993-24-012403
Insider Transaction Report
Form 4
Ferdinand Brian
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2024-06-07$0.32/sh+5,692,600$1,800,000→ 9,104,425 total - Award
Common Stock
2024-06-10$0.32/sh+665,253$210,353→ 9,769,678 total
Holdings
- 2,814,000(indirect: By Trust)
Common Stock
- 462,500(indirect: by THA Family II Limited Liability Company)
Common Stock
- 73,334(indirect: By LLC)
Common Stock
- 7,847,917(indirect: By LLC)
Common Stock
Footnotes (6)
- [F1]Represents 5,692,600 shares of the Issuer's restricted common stock issued to the Reporting Person in consideration for services rendered as a consultant to the Issuer in lieu of cash compensation, as detailed further in the Consulting Agreement Amendment, dated June 7, 2024. The grants shall not be effective until (1) the Charter Amendment and Plan Amendment (as defined and described in the preliminary information statement on Schedule 14C filed with the SEC on May 29, 2024) is effective under the Exchange Act and the Delaware General Corporation Law and (2) the date that the Issuer has obtained the necessary vote of a majority of the outstanding common stock approving an increase of the Issuer's 2022 Equity Incentive Plan from 8 million shares to at least 20 million shares.
- [F2]Represents 665,253 shares of Issuer's restricted common stock issued to the Reporting Person pursuant to the Restricted Stock in Lieu of Salary Agremeent, effective as of June 10, 2024. Such shares are subject to the terms and conditions set forth in the the 2022 Equity Incentive Plan. Represents shares of the Issuer's restricted common stock issued to the Reporting Person pursuant to the Restricted Stock in Lieu of Salary Agreement, effective as of June 10, 2024. The grants shall not be effective until the Charter Amendment and Plan Amendment (as defined and described in the preliminary information statement on Schedule 14C filed with the SEC on May 29, 2024) is effective under the Exchange Act and the Delaware General Corporation Law.
- [F3]LuxUrban Guarantee Trust is a trust for which Reporting Person is the beneficiary.
- [F4]THA Holdings LLC is an entity controlled and operated by the Reporting Person.
- [F5]THA Family II Limited Liability Company is an entity controlled and operated by the Reporting Person.
- [F6]SuperLuxMia LLC is an entity controlled and operated by the Reporting Person.
Issuer
LUXURBAN HOTELS INC.
CIK 0001893311
Entity typeother
Related Parties
1- filerCIK 0001581248
Filing Metadata
- Form type
- 4
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 5:23 PM ET
- Size
- 11.0 KB