Bentz Jeffrey Allen 4
4 · BitNile Holdings, Inc. · Filed Sep 9, 2022
Insider Transaction Report
Form 4
Bentz Jeff Acosta
Director
Transactions
- Award
Stock Option (Right to Buy)
2022-09-06+2,500,000→ 0 totalExercise: $0.29Exp: 2032-09-05→ Common Stock (2,500,000 underlying) - Award
Restricted Stock Grant
2022-09-06+1,500,000→ 0 total→ Common Stock (1,500,000 underlying)
Footnotes (3)
- [F1]On September 6, 2022, Mr. Bentz was granted options to purchase 2,500,000 shares of common stock, par value $0.001 per share ("Common Stock") of BitNile Holdings, Inc. (the "Issuer"), which shall vest in equal monthly increments over 48 months, beginning January 1, 2023 through December 1, 2026, which will be exercisable subject to receipt of approval therefor by the Issuer's stockholders and the NYSE American.
- [F2]Each restricted stock unit is the economic equivalent of one share of Common Stock.
- [F3]On September 6, 2022, Mr. Bentz was granted 1,500,000 restricted shares of Common Stock, of which 500,000 and 1,000,000 shares, respectively, shall vest on the second and fourth anniversary of the date of approval by the Issuer's stockholders of the grant, subject to receipt of approval therefor by the Issuer's stockholders and the NYSE American.