Strahan Gary Eugene 4
4 · MultiSensor AI Holdings, Inc. · Filed Apr 8, 2024
Insider Transaction Report
Form 4
Strahan Gary Eugene
10% Owner
Transactions
- Conversion
Convertible Promissory Note
2024-03-31(indirect: By Trust)Exercise: $5.00From: 2023-12-19Exp: 2026-12-19→ Common Stock (205,079 underlying) - Disposition to Issuer
Convertible Promissory Note
2024-03-31(indirect: By Trust)Exercise: $10.00From: 2023-12-19Exp: 2026-12-19→ Common Stock (100,000 underlying) - Award
Convertible Promissory Note
2024-03-31(indirect: By Trust)Exercise: $5.00From: 2023-12-19Exp: 2026-12-19→ Common Stock (205,079 underlying) - Conversion
Common Stock
2024-03-31+205,079→ 305,079 total(indirect: By Trust)
Holdings
- 6,015,938
Common Stock
Footnotes (3)
- [F1]On March 31, 2024, the Trust (defined below) acquired 205,079 shares of Common Stock from the Issuer pursuant to the conversion of a promissory note with an aggregate principal balance of $1,000,000. The conversion was structured to comply with the provisions of Rule 16b-3(d) promulgated under the Securities Exchange Act of 1934, as amended. Mr. Strahan disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein, if any. The promissory note converted into shares of common stock at a price of $5.00 per share for the outstanding principal amount, and $10.00 per share for the accrued but unpaid interest.
- [F2]Represents shares held by the Jill A. Blashack Revocable Trust U/A May 8, 2004, as amended and restated (the "Trust"), of which Jill A. Blashack Strahan, the wife of Gary Strahan, is trustee.
- [F3]Represents an amendment to the exercise price of the convertible promissory note.