Perley Richard 4
4 · AYRO, Inc. · Filed Jun 1, 2020
Insider Transaction Report
Form 4
AYRO, Inc.AYRO
Perley Richard
Chief Marketing Officer
Transactions
- Award
Stock Option (Right to Buy)
2020-05-28+54,536→ 54,536 totalExercise: $4.05Exp: 2029-09-30→ Common Stock (54,536 underlying) - Award
Warrants to Purchase Common Stock
2020-05-28+22,724→ 22,724 totalExercise: $7.35Exp: 2024-01-31→ Common Stock (22,724 underlying) - Award
Warrants to Purchase Common Stock
2020-05-28+11,362→ 11,362 totalExercise: $7.35Exp: 2024-03-01→ Common Stock (11,362 underlying)
Footnotes (6)
- [F1]On May 28, 2020, the reporting person received these warrants to purchase shares of the Issuer's Common Stock upon the conversion pursuant to its terms of a warrant to purchase 83,333 shares of common stock of a private company formerly known as "ARYO, Inc." (the "Former Entity") with an exercise price of $2.00 per share in connection with the merger of the Former Entity with and into a wholly owned subsidiary of the Issuer (the "Merger").
- [F2]Immediately exercisable.
- [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 warrant to purchase 41,667 shares of common stock of the Former Entity with an exercise price of $2.00 per share.
- [F5]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 $1.10 per share.
- [F6]Reflects an option grant that was made to the reporting person on 09/30/2019. 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 09/16/2019.