4//SEC Filing
Tomek Allison F 4
Accession 0001213900-22-001367
CIK 0001421636other
Filed
Jan 9, 7:00 PM ET
Accepted
Jan 10, 4:45 PM ET
Size
6.3 KB
Accession
0001213900-22-001367
Insider Transaction Report
Form 4
Tomek Allison F
DirectorPRESIDENT
Transactions
- Award
Series B Convertible Preferred Stock
2022-01-06$1000.00/sh+81$81,000→ 146 totalExercise: $0.03From: 2023-05-01→ Common Stock (3,000,000 underlying)
Footnotes (3)
- [F1]On January 6, 2022, the Board of Directors ("Board") of C-Bond Systems, Inc. (the "Company") awarded an annual bonus to Ms. Tomek in the amount of $90,000, 90% of which was to be paid in the Company's Series B Convertible Preferred Stock, par value $0.10 ("Series B"), and the remaining 10% paid in cash. Ms. Tomek received 81 shares of Series B, which has a stated value of $1,000 per share. The Series B is convertible into shares of common stock, par value $0.001 ("Common Stock"), at $0.027 per share, the low trading price of the Common Stock on the date of the grant, subject to adjustment as described in the Company's Certificate of Designations of Preferences, Rights and Limitations of Series B Preferred Stock.
- [F2]The shares of Series B granted to Ms. Tomek vest on May 1, 2023, subject to extension as mutually agreed upon by the Board and Ms. Tomek.
- [F3]No expiration date.
Documents
Issuer
C-Bond Systems, Inc
CIK 0001421636
Entity typeother
Related Parties
1- filerCIK 0001852320
Filing Metadata
- Form type
- 4
- Filed
- Jan 9, 7:00 PM ET
- Accepted
- Jan 10, 4:45 PM ET
- Size
- 6.3 KB