4//SEC Filing
Ryan Timothy John 4
Accession 0001415889-18-001390
CIK 0001552189other
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 4:05 PM ET
Size
8.8 KB
Accession
0001415889-18-001390
Insider Transaction Report
Form 4
Exactus, Inc.EXDI
Ryan Timothy John
DirectorExecutive Vice President
Transactions
- Award
Stock Options (Right to Buy)
2018-09-04+225,000→ 225,000 totalExercise: $0.09From: 2018-09-04Exp: 2023-09-04→ Common Stock (225,000 underlying) - Disposition to Issuer
Series D Preferred Stock (the
2018-09-12−16→ 16 totalFrom: 2018-07-05→ Common Stock (3,200,000 underlying)
Footnotes (6)
- [F1]178,125 stock options are fully vested with the remainder vesting monthly in equal increments over a 15 month period beginning on October 1, 2018, subject to execution of the Company's standard stock option agreement and continued service as an officer of the Company on each applicable vesting date.
- [F2]Not applicable.
- [F3]On the Transaction Date, the Purchaser entered into an Agreement to unwind and terminate the Series D Subscription Agreement and void the issuance of the Series D Preferred Stock. The sale was approved in advance by the board of directors of the Company and therefore exempt pursuant to Rule 16b-3(e).
- [F4]Each share of Series D automatically converts into 200,000 shares of the Company's common stock upon the consummation of the first offering of the Company's Common Stock, subsequent to the acquisition of the Series D, for which the gross proceeds of the offering exceed $5,000,000.
- [F5]The Series D has no expiration date.
- [F6]The securities were issued in connection with the repayment of debt, owed by the Company to the Reporting Person, in the amount of $200,000.
Documents
Issuer
Exactus, Inc.
CIK 0001552189
Entity typeother
Related Parties
1- filerCIK 0001714656
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 4:05 PM ET
- Size
- 8.8 KB