Dietrich Isaac 4
4 · Greenwave Technology Solutions, Inc. · Filed Dec 17, 2021
Insider Transaction Report
Form 4
Dietrich Isaac
DirectorChief Executive Officer10% Owner
Transactions
- Other
Series C Convertible Preferred Stock
2021-12-16−1,000→ 0 total→ Common Stock (1,000,000 underlying)
Footnotes (4)
- [F1]Each share of Series C Convertible Preferred Stock (the "Series C Preferred Stock") was to automatically convert into 1,000,000 shares of the Issuer's common stock upon the earlier to occur of: (i) the listing the Issuer's securities on a national securities exchange and (ii) a Change in Control (as defined in the Certificate of Designations, Preferences and Rights of the Series C Preferred Stock) of the Issuer. If there was no listing on a national securities exchange and if there is no Change in Control, the Series C Preferred Stock would not have converted into shares of the Issuer's common stock.
- [F2]On December 16, 2021, Mr. Dietrich forfeited his 1,000 shares of Series C Preferred Stock for no consideration.
- [F3]The Series C Preferred Stock was perpetual and therefore had no expiration date.
- [F4]Collectively, the shares of Series C Preferred Stock were entitled to cast such number of votes equal to 40% of the issued and outstanding shares of common stock of the Issuer.