Smith Curtis Ellis 4
4 · AYRO, Inc. · Filed Jun 1, 2020
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.