Brock Eric A 4
4 · Ondas Holdings Inc. · Filed Aug 17, 2020
Insider Transaction Report
Form 4
Brock Eric A
DirectorChairman, CEO and President
Transactions
- Purchase
Series A Preferred Stock
2020-08-14$2.00/sh+157,500$315,000→ 157,500 totalExercise: $2.00From: 2021-02-14→ Common Stock (157,500 underlying)
Holdings
- 5,473,585
Common Stock
Footnotes (3)
- [F1]The Series A preferred stock is (i) convertible at the reporting person's option commencing on February 14, 2021 into shares of the Issuer's common stock (the "Common Stock") at an initial conversion price of $2.00 per share or (ii) automatically converted into Common Stock at the then applicable conversion price in the event of an equity offering of shares of Common Stock resulting in the Issuer uplisting to any national securities exchange. The conversion price is subject to adjustment as set forth in the Certificate of Designation for the Series A preferred stock, which is filed as Exhibit 3.1 to the issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on August 17, 2020 ("August 2020 Form 8-K").
- [F2]The Series A preferred stock has no expiration date.
- [F3]These securities were issued pursuant to a securities purchase agreement, dated August 14, 2020, between the issuer and the reporting person (the "Purchase Agreement"). Pursuant to the Purchase Agreement, the reporting person purchased 157,500 shares of Series A preferred stock at a purchase price per share of $2.00. The Purchase Agreement is described in the August 2020 Form 8-K.