Munnik Cecile 4
4 · NextPlat Corp · Filed Oct 3, 2024
Insider Transaction Report
Form 4
NextPlat CorpNXPL
Munnik Cecile
Chief Financial Officer
Transactions
- Award
Common Stock
2024-10-01+7,433→ 12,433 total - Award
Employee Stock Option (right to buy)
2024-10-01+37,163→ 92,163 totalExercise: $3.90Exp: 2031-11-22→ Common Stock (37,163 underlying)
Footnotes (3)
- [F1]On October 1, 2024, the Reporting Person received 7,433 shares of the Issuer's common stock in exchange for 5,000 shares of Progressive Care Inc. in connection with the merger of Progressive Care Inc. into the Issuer (the "Merger"). On the effective date of the Merger, the Issuer's Per Share Value was $1.48, which is the daily volume weighted average price of the Issuer's common stock for the 20-trading day period ended on the trading day immediately preceding the date of the Merger Agreement on Nasdaq.
- [F2]In connection with the Merger, the Report Person received stock options to acquire 37,163 shares of the Issuer's common stock in exchange for stock options to acquire 25,000 shares of Progressive Care Inc. The options are fully vested.
- [F3]Represents 75,496 stock options that are fully vested.