Goldberg Eric Ellis 4
4 · Creatd, Inc. · Filed Jan 6, 2021
Insider Transaction Report
Form 4
Creatd, Inc.CRTD
Goldberg Eric Ellis
10% Owner
Transactions
- Purchase
Series E Convertible Preferred Stock
2021-01-04$1000.00/sh+100$100,000→ 100 totalExercise: $4.12→ Common Stock (24,272 underlying) - Purchase
Warrants (right to buy)
2021-01-04+36,408→ 36,408 totalExercise: $4.50Exp: 2026-01-04→ Common Stock (36,408 underlying)
Footnotes (3)
- [F1]The Issuer issued its Series E Convertible Preferred Stock, par value $0.001 per share (the "Series E Preferred Stock"), at a stated value equal to $1,000 per share. Pursuant to the terms of the Series E Preferred Stock, each share of Series E Preferred Stock is convertible into shares of the Issuer's common stock, par value $0.001 per share ("Common Stock"), at the election of the holder, at any time following the original issue date at a price of $4.12 per share, subject to adjustment. The Series E Preferred Stock does not have an expiration date.
- [F2]The purchase was made in a private (PIPE) transaction with the Issuer in which the Issuer sold Series E Preferred Stock and warrants. The transactions contemplated by the PIPE transaction closed on January 4, 2021 and were reported on a current report on Form 8-K filed with the U.S. Securities and Exchange Commission by the Issuer on January 5, 2021.
- [F3]The warrants were included together with the purchase of Series E Preferred Stock. The combined purchase price of one share of Common Stock underlying the Series E Preferred Stock and one and a half warrant was $4.12. The exercise price of each share under the warrants is $4.50, subject to adjustment in accordance with the terms of the warrants and are exercisable at any time from the issuance date through 5:00 p.m. (NYC time) on the fifth anniversary of the issuance date.