4//SEC Filing
Cohen Shai Marco 4
Accession 0001493152-20-006352
CIK 0001086082other
Filed
Apr 13, 8:00 PM ET
Accepted
Apr 14, 3:00 PM ET
Size
19.3 KB
Accession
0001493152-20-006352
Insider Transaction Report
Form 4
Cohen Shai Marco
10% Owner
Transactions
- Purchase
Common Stock
2020-01-08$1.80/sh+41,650$74,999→ 10,946,487 total(indirect: By LLC) - Exercise/Conversion
Class E Common Stock Warrants (right to buy
2020-01-07−100,000→ 0 totalExercise: $0.01From: 2018-11-01Exp: 2022-11-01→ Common stock (100,000 underlying) - Purchase
Common Stock
2020-01-08$0.85/sh+28,000$23,800→ 10,974,487 total(indirect: By LLC) - Exercise/Conversion
Common Stock
2020-01-07$0.01/sh+400,000$4,000→ 400,000 total - Tax Payment
Common Stock
2020-01-07$1.00/sh−396,000$396,000→ 396,000 total - Purchase
Common Stock
2020-01-08$0.61/sh+246,875$150,001→ 10,904,837 total(indirect: By LLC) - Exercise/Conversion
Class E Common Stock Warrants (right to buy)
2020-01-07−50,000→ 0 totalExercise: $0.01From: 2019-01-31Exp: 2022-01-31→ Common Stock (50,000 underlying) - Exercise/Conversion
Class I Common Stock Warrants (right to buy)
2020-01-07−250,000→ 0 totalExercise: $0.01From: 2019-05-01Exp: 2021-05-01→ Common Stock (250,000 underlying)
Footnotes (3)
- [F1]On January 7, 2020, Mr. Cohen exercised, via a cashless exercise, Series E warrants to acquire 150,000 shares of common stock of the issuer and Series I warrants to acquire 250,000 shares of common stock of the issuer, at the exercise price of $0.01 per share.
- [F2]In connection with the cashless exercise of Series E warrants and Series I warrants by Mr. Cohen, the issuer withheld 4,000 shares of its common stock to satisfy the exercise price, and issued to Mr. Cohen the remaining 396,000 shares. The volume weighted average price of the common stock was $1.00.
- [F3]The reported shares are held directly by MNSCO, LLC ("MNSCO"), a limited liability company, 50.1% of which is beneficially owned by Matthew Bronfman (through BA LLC, an entity wholly owned by Mr. Bronfman), and 49.9% of which is beneficially owned by Shai Cohen. Each of MNSCO and Mr. Cohen is the reporting person herein. Mr. Cohen is the sole manager of MNSCO, has voting and dispositive power of shares held by MNSCO and may be deemed to beneficially own the shares held by MNSCO. Mr. Cohen disclaims beneficial ownership of the shares owned by MNSCO except to the extent of his 49.9% pecuniary interest therein.
Documents
Issuer
CANNAPOWDER, INC.
CIK 0001086082
Entity typeother
Related Parties
1- filerCIK 0001774451
Filing Metadata
- Form type
- 4
- Filed
- Apr 13, 8:00 PM ET
- Accepted
- Apr 14, 3:00 PM ET
- Size
- 19.3 KB