4//SEC Filing
BLUTINGER ELAN 4
Accession 0001062993-24-012404
CIK 0001893311other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 5:24 PM ET
Size
7.3 KB
Accession
0001062993-24-012404
Insider Transaction Report
Form 4
BLUTINGER ELAN
Director
Transactions
- Award
Common Stock
2024-06-07+1,000,000→ 1,721,856 total - Award
Common Stock
2024-06-10$0.32/sh+38,684$12,232→ 1,760,540 total
Footnotes (2)
- [F1]Represents 1,000,000 shares of the Issuer's restricted common stock granted to the Reporting Person pursuant to the Restricted Stock Award Agreement between the Issuer and Reporting Person dated June 7, 2024. This restricted common stock grant shall vest as follows: (a) 75% shall be deemed vested immediately upon effectiveness of the Charter and Plan Amendments (as defined and described in the preliminary information statement on Schedule 14C filed with the SEC on May 29, 2024), and (b) the remaining 25% shall vest on the date the Issuer consummates a third-party financing of equity or debt which, collectively with the underwritten offering of common stock consummated by the Issuer on May 23, 2024 and any subsequent financings, results in the Issuer having raised aggregate gross proceeds from equity and debt financings during 2024 of at least $12 million.
- [F2]Represents 38,684 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 grant 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.
Issuer
LUXURBAN HOTELS INC.
CIK 0001893311
Entity typeother
Related Parties
1- filerCIK 0001197469
Filing Metadata
- Form type
- 4
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 5:24 PM ET
- Size
- 7.3 KB