4//SEC Filing
Vargas Harrison 4
Accession 0001209191-18-047286
CIK 0001424657other
Filed
Aug 16, 8:00 PM ET
Accepted
Aug 17, 2:04 PM ET
Size
18.8 KB
Accession
0001209191-18-047286
Insider Transaction Report
Form 4
Cuentas Inc.NXGH
Vargas Harrison
10% Owner
Transactions
- Purchase
Common Stock
2018-05-03$0.03/sh+312,000$10,046→ 29,859,951 total - Purchase
Common Stock
2018-08-10$0.01/sh+700,000$10,150→ 31,600,000 total - Purchase
Common Stock
2018-05-04$0.03/sh+140,049$4,510→ 30,000,000 total - Purchase
Common Stock
2018-03-29$0.03/sh+1,656,698$48,541→ 29,349,951 total - Purchase
Common Stock
2018-05-09$0.03/sh+900,000$27,000→ 30,900,000 total - Purchase
Common Stock
2018-05-02$0.03/sh+198,000$5,940→ 29,547,951 total - Purchase
Common Stock
2018-03-28$0.03/sh+300,000$8,970→ 27,693,253 total
Holdings
- 82,109(indirect: *)
Common Stock
- 3,900,000(indirect: *)
Common Stock
Footnotes (7)
- [F1]The reporting person's purchase of common stock reported herein may be deemed to be matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, to the extent of 60,000 shares, with the reporting person's previously reported sale of 60,000 shares of common stock at a weighted average price of $0.039 per share on January 8, 2018. The reporting person has voluntarily disgorged any profits deemed realized from such transactions to Next Group Holdings, Inc.
- [F2]The price reported in Column 4 is a weighted average price. The shares were purchased on the open market at prices ranging from $0.026 to $0.0297 per share. Mr. Vargas undertakes to provide Next Group Holdings, Inc., any security holder of Next Group Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in Footnote (2).
- [F3]The price reported in Column 4 is a weighted average price. The shares were purchased on the open market at prices ranging from $0.0312 to $0.033 per share. Mr. Vargas undertakes to provide Next Group Holdings, Inc., any security holder of Next Group Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in Footnote (3).
- [F4]The price reported in Column 4 is a weighted average price. The shares were purchased on the open market at prices ranging from $0.032 to $0.0322 per share. Mr. Vargas undertakes to provide Next Group Holdings, Inc., any security holder of Next Group Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in Footnote (4).
- [F5]The registrant announced that on August 13, 2018, the Financial Industry Regulatory Authority (FINRA) approved the registrant's previously disclosed 1:300 reverse stock split of its common stock. Columns 4 and 5 report transactions and ownership before the reverse stock split and therefore do not reflect its effect.
- [F6]Mr. Vargas owns 3,900,000 shares of the common stock of Next Group Holdings, Inc. indirectly through Varsatel Corporation and Comtel Direct, LLC. Mr. Vargas is the sole stockholder, sole director, and chief executive officer of Varsatel Corporation. Mr. Vargas is the sole member of CHT Holdings, LLC, which is the managing member of Comtel Direct, LLC.
- [F7]Shares owned by spouse who shares Mr. Vargas's household. Mr. Vargas disclaims beneficial ownership of the shares owned by his spouse, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Documents
Issuer
Cuentas Inc.
CIK 0001424657
Entity typeother
Related Parties
1- filerCIK 0001729188
Filing Metadata
- Form type
- 4
- Filed
- Aug 16, 8:00 PM ET
- Accepted
- Aug 17, 2:04 PM ET
- Size
- 18.8 KB