Brock Eric A 4
4 · Ondas Holdings Inc. · Filed Dec 18, 2020
Insider Transaction Report
Form 4
Brock Eric A
DirectorChairman, CEO and President
Transactions
- Conversion
Common Stock
2020-12-08+65,625→ 1,890,155 total - Other
Common Stock
2020-12-16+1,051→ 1,891,206 total - Conversion
Series A Preferred Stock
2020-12-08−157,500→ 0 total→ Common Stock (65,625 underlying)
Footnotes (3)
- [F1]The 157,500 shares of Series A Convertible Preferred Stock (the "Series A Preferred") mandatorily converted into 65,625 shares of Ondas Holdings Inc. ("Ondas") Common Stock (the "Common Stock") upon Ondas' uplisting to the Nasdaq Capital Market.
- [F2]On November 16, 2020, Ondas executed a one-for-three reverse stock split of its issued and outstanding Common Stock (the "Reverse Stock Split") resulting in the appropriate reduction in the reporting person's ownership of shares of Common Stock. No fractional shares were issued as a result of the Reverse Stock Split. Any fractional shares that would have resulted from the Reverse Stock Split were rounded up to the nearest whole share.
- [F3]These shares were issued to reflect an in-kind dividend that should have been paid on the Series A Preferred before the Series A Preferred converted mandatorily on December 8, 2020.