Absher Scott W 4
4 · ShiftPixy, Inc. · Filed Jun 8, 2020
Insider Transaction Report
Form 4
ShiftPixy, Inc.PIXY
Absher Scott W
DirectorChief Executive Officer10% Owner
Transactions
- Exercise of In-Money
Preferred Stock Option (right to buy)
2020-06-04−12,500,000→ 0 totalExercise: $0.00Exp: 2023-12-31→ Series A Preferred Stock (12,500,000 underlying) - Exercise of In-Money
Series A Preferred Stock
2020-06-04+12,500,000→ 12,500,000 total→ Common Stock (12,500,000 underlying) - Conversion
Common Stock
2020-06-04+12,500,000→ 12,812,500 total - Conversion
Series A Preferred Stock
2020-06-04−12,500,000→ 0 total→ Common Stock (12,500,000 underlying)
Footnotes (3)
- [F1]Mr. Absher converted 12,500,000 shares of Series A Preferred Stock on June 4, 2020, resulting in his acquisition of 12,500,000 shares of common stock. The Series A Preferred Stock was convertible into common stock at any time on a one-for-one basis, and had no expiration date.
- [F2]The option to purchase shares of Series A Preferred Stock was granted on September 28, 2016, and was immediately exercisable.
- [F3]The Series A Preferred Stock was convertible into common stock at any time on a one-for-one basis, and had no expiration date.