4//SEC Filing
He Xin 4
Accession 0001437749-24-022254
CIK 0001546296other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 5:21 PM ET
Size
10.3 KB
Accession
0001437749-24-022254
Insider Transaction Report
Form 4
He Xin
Interim CFO
Transactions
- Award
Common Stock
2024-07-01+40,000→ 280,938 total - Award
Common Stock
2024-07-01$0.49/sh+1,000,000$495,000→ 1,280,938 total(indirect: See footnote) - Award
Restricted Stock Units
2023-07-19+40,000→ 40,000 totalExercise: $0.00→ Common Stock (40,000 underlying)
Holdings
- 15,000
Stock Options
Exercise: $4.46From: 2024-07-05Exp: 2034-07-05→ Common Stock (15,000 underlying)
Footnotes (4)
- [F1]Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F2]On July 18, 2023, the Company granted an award of 120,000 shares of Restricted Stock Units to Mr. He in connection with the execution of an employment agreement between the Company and Mr. He. The Restricted Stock Units issued to the Executive will vest one third (1/3) annually. The last 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2025.
- [F3]On June 28, 2024, the Company entered into a stock purchase agreement of 1,000,000 shares of the Company's common stock at a unit price of $0.495 with Eighty-eight Investment LLC, wholly owned and controlled by Mr. He. The Agreement resulted in aggregate proceeds of $495,000.
- [F4]Mr. He held 15,000 shares of stock option of the Company prior to the reported transactions.
Documents
Issuer
Professional Diversity Network, Inc.
CIK 0001546296
Entity typeother
Related Parties
1- filerCIK 0001489128
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 5:21 PM ET
- Size
- 10.3 KB