Clemenson Matthew 4
4 · Lottery.com Inc. · Filed Dec 6, 2021
Insider Transaction Report
Form 4
Lottery.com Inc.LTRY
Clemenson Matthew
DirectorChief Commercial Officer10% Owner
Transactions
- Exercise of In-Money
Common Stock
2021-12-02$2.00/sh−375,000$750,000→ 6,289,487 total - Exercise of In-Money
Purchase Right (obligation to sell)
2021-12-02−1→ 0 totalExercise: $2.00From: 2021-10-13→ Common Stock (375,000 underlying)
Footnotes (2)
- [F1]On October 13, 2021, in connection with a loan made to AutoLotto, Inc. ("AutoLotto") prior to the closing of the business combination between AutoLotto and the Issuer, the Reporting Person granted the lenders thereof with a right to purchase shares of the Issuer's common stock from the Reporting Person. Following the repayment of the loan in full at the closing of the business combination, the lenders exercised their right to purchase 375,000 shares of common stock from the Reporting Person.
- [F2]The right to purchase expired 10 days after the closing of the business combination.