Absher Scott W 4
4 · ShiftPixy, Inc. · Filed Jul 19, 2022
Insider Transaction Report
Form 4
ShiftPixy, Inc.PIXY
Absher Scott W
DirectorChief Executive Officer10% Owner
Transactions
- Other
Preferred Class A Stock, Par Value $0.0001 Per Share
2022-07-15−12,500,000→ 12,500,000 total→ Common Stock par value $0.0001 per share (12,500,000 underlying) - Exercise/Conversion
Common Stock, Par Value $0.0001 Per Share
2022-07-15+8,000,000→ 20,812,000 total - Other
Options for Preferred Class A Stock
2022-07-15−12,500,000→ 0 total→ Preferred Class A Stock par value $0.0001 per share (12,500,000 underlying) - Exercise/Conversion
Preferred Class A Stock, Par Value $0.0001 Per Share
2022-07-15−8,000,000→ 4,500,000 total→ Common Stock par value $0.0001 per share (12,500,000 underlying)
Footnotes (6)
- [F1]Owner surrendered option to acquire 12,500,000 shares of Preferred Class A Stock, par value $0.0001 per share, and tendered additional sum of $5,000 in exchange for the issuance of the 12,500,000 shares of Preferred Class A Stock.
- [F2]There was no price required or paid for conversion of the 12,500,000 shares of Preferred Class A Stock, par value $0.0001 per share, to 12,500,000 shares of Common Stock.
- [F3]The option was issued to the owner in connection with an issuance originally effected at or near the founding of the company.
- [F4]The shares were issued to the owner on 7/19/2022.
- [F5]The options became exercisable upon the occurrence of certain triggering events the date for which was not yet determined. Upon the occurrence of such events, the owner has 2 years to exercise the options.
- [F6]The Preferred Class A Stock, Par Value $0.0001 Per Share is convertible immediately and has no expiration date.