4//SEC Filing
Smith Curtis Ellis 4
Accession 0001493152-20-010329
CIK 0001086745other
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 8:20 PM ET
Size
9.6 KB
Accession
0001493152-20-010329
Insider Transaction Report
Form 4
AYRO, Inc.AYRO
Smith Curtis Ellis
Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2020-05-28+54,536→ 54,536 totalExercise: $3.50Exp: 2029-03-31→ Common Stock (54,536 underlying) - Award
Stock Option (Right to Buy)
2020-05-28+109,072→ 109,072 totalExercise: $2.45Exp: 2028-03-12→ Common Stock (109,072 underlying)
Footnotes (5)
- [F1]On May 28, 2020, the reporting person received these options to acquire shares of the Issuer's Common Stock upon the conversion pursuant to its terms of a stock option to acquire 400,000 shares of common stock of a private company formerly known as "ARYO, Inc." (the "Former Entity") at an exercise price of $0.67 per share in connection with the merger of the Former Entity with and into a wholly owned subsidiary of the Issuer (the "Merger").
- [F2]Reflects an option grant that was made to the reporting person on 03/12/2018. The shares underlying this stock option vest according to the following schedule: one-sixth of the shares underlying the stock option will vest and become exercisable in six equal semi-annual installments on each six-month anniversary of the date of grant.
- [F3]On May 28, 2020, the Issuer effected a 1-for-10 reverse stock split of its common stock (the "Reverse Stock Split") in connection with the Merger and immediately thereafter effected a 1-for-1 stock dividend (the "Stock Dividend"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split and Stock Dividend on a post-split and post-stock dividend basis.
- [F4]Received in connection with the Merger upon the conversion pursuant to its terms of a stock option to acquire 200,000 shares of common stock of the Former Entity at an exercise price of $0.95 per share.
- [F5]Reflects an option grant that was made to the reporting person on 03/31/2019. The shares underlying this stock option vest according to the following schedule: one-sixth of the shares underlying the stock option will vest and become exercisable in six equal semi-annual installments on each six-month anniversary of the date of grant.
Documents
Issuer
AYRO, Inc.
CIK 0001086745
Entity typeother
Related Parties
1- filerCIK 0001813540
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 8:20 PM ET
- Size
- 9.6 KB