Rios David F 4
4 · Innovative Payment Solutions, Inc. · Filed Dec 18, 2023
Insider Transaction Report
Form 4
Rios David F
Director
Transactions
- PurchaseSwap
Note Shares
2023-11-27$0.34/sh+579,710$200,000→ 779,710 totalExercise: $0.34From: 2023-11-27Exp: 2024-11-27→ Common Stock (579,710 underlying) - PurchaseSwap
Warrant Shares
2023-11-27$0.34/sh+579,710$200,000→ 1,359,420 totalExercise: $0.34From: 2023-11-27Exp: 2024-11-27→ Common Stock (579,710 underlying)
Footnotes (4)
- [F1]David Rios entered into a Convertible Promissory Note with Innovative Payment Solutions in the amount of $200,000, which is at any time convertible into shares of common stock at a conversion price of $0.345 per share.
- [F2]The shares are held by the 1999 Rios Family Trust. David Rios is the Trustee of the 1999 Rios Family Trust.
- [F3]The shares were issued pursuant to a common stock purchase warrant as part of a financing agreement by and between David Rios and Innovative Payment Solutions, Inc.
- [F4]The shares are held by the 1999 Rios Family Trust. David Rios is the Trustee of the 1999 Rios Family Trust.