4//SEC Filing
Alberttis Alvaro Daniel 4
Accession 0001415889-21-000480
CIK 0001552189other
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 1:57 PM ET
Size
8.6 KB
Accession
0001415889-21-000480
Insider Transaction Report
Form 4
Exactus, Inc.EXDI
Alberttis Alvaro Daniel
DirectorCHIEF OPERATING OFFICER
Transactions
- Award
Common stock
2021-01-22$0.03/sh+2,039,241$50,981→ 4,777,337 total - Award
Options to purchase common stock
2021-01-22$0.03/sh+2,500,000$62,500→ 2,500,000 totalExercise: $0.03From: 2012-01-22Exp: 2023-01-22→ Common stock (2,500,000 underlying)
Footnotes (4)
- [F1]The reporting person was issued a total of 2,039,241 shares of common stock in payment of accrued compensation.
- [F2]Consists of 2,277,337 shares of common stock, together with options to purchase 2,500,00 shares of common stock at a price of $0.025 per share, exercisable until 1/22/23.
- [F3](1) The reporting person was granted two year options to purchase 2,500,000 shares of Common Stock at an exercise price of $0.025 per share. Provided Mr. Alberttis has not resigned or been removed prior to vesting, fifty (50%) percent of such amount shall vest upon his execution of the Corporation's Annual Report on Form 10-K for filing with the SEC for the Corporation's fiscal year ended December 31, 2020 on or prior to the due date thereof, including any and all Certifications thereto required to be executed by Mr. Alberttis under the Sarbanes-Oxley Act of 2002 (as well as any amendments and any other SEC filings or reports as requested) and fifty (50%) percent upon the closing of any acquisition with a combined value (target and the Corporation) in excess of five million ($5,000,000) dollars (the "Acquisition"). (continued, see Footnote 4)
- [F4](cont'd) Upon closing of an Acquisition, all options shall immediately vest if, and only if, a new chief financial and chief executive officer is appointed who will be responsible for filing and certifying the Form 10-K, provided Mr. Alberttis shall also be required to render reasonable assistance in connection therewith upon request.
Documents
Issuer
Exactus, Inc.
CIK 0001552189
Entity typeother
Related Parties
1- filerCIK 0001801089
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 1:57 PM ET
- Size
- 8.6 KB