Tomek Allison F 4
4 · C-Bond Systems, Inc · Filed Jan 19, 2023
Insider Transaction Report
Form 4
Tomek Allison F
DirectorPRESIDENT
Transactions
- Award
Series B Convertible Preferred Stock
2023-01-17$1000.00/sh+54$54,000→ 200 totalExercise: $0.01From: 2024-05-01→ Common Stock (9,818,182 underlying)
Footnotes (3)
- [F1]On December 7, 2022, the Board of Directors ("Board") of the Company awarded an annual bonus for 2022 to Ms. Tomek in the amount of $600,000, 10% of which was to be paid in cash, and 90% of which was to be paid in the Company's equity. On January 17, 2023, the Board approved paying 90% of Ms. Tomek's 2022 bonus in the Company's Series B Convertible Preferred Stock, par value $0.10 ("Series B"). Ms. Tomek received 54 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 $0.0055 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, 2024, subject to extension as mutually agreed upon by the Board and Ms. Tomek.
- [F3]No expiration date.