4//SEC Filing
SILVERMAN SCOTT R 4
Accession 0001213900-24-001194
CIK 0001421636other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 4:30 PM ET
Size
6.5 KB
Accession
0001213900-24-001194
Insider Transaction Report
Form 4
SILVERMAN SCOTT R
CEO, PRESIDENT
Transactions
- Award
Series B Convertible Preferred Stock
2024-01-02$1000.00/sh+150$150,000→ 895 totalExercise: $0.01From: 2025-05-01→ Common Stock (25,000,000 underlying)
Footnotes (3)
- [F1]On December 7, 2023, the Board of Directors ("Board") of the Company awarded an annual bonus for 2023 to Mr. Silverman in the amount of $300,000, 50% of which was to be paid in cash, and 50% of which was to be paid in the Company's equity. On January 2, 2024, the Board approved paying 50% of Mr. Silverman's 2023 bonus in the Company's Series B Convertible Preferred Stock, par value $0.10 ("Series B"). Mr. Silverman received 150 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 $0.006 per share, the closing trading price of the Common Stock on the date before 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 Mr. Silverman vest on May 1, 2025, subject to extension as mutually agreed upon by the Board and Mr. Silverman.
- [F3]No expiration date.
Documents
Issuer
C-Bond Systems, Inc
CIK 0001421636
Entity typeother
Related Parties
1- filerCIK 0001195639
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 4:30 PM ET
- Size
- 6.5 KB