Thompson Mary Patricia B 4
4 · Taronis Fuels, Inc. · Filed Nov 20, 2020
Insider Transaction Report
Form 4
Thompson Mary Patricia B
CFO & Treasurer
Transactions
- Award
Common stock, par value $0.000001 per share
2020-11-18$0.10/sh+1,000,000$100,000→ 7,209,101 total
Footnotes (2)
- [F1]Represents shares of common stock acquired by Ms. Thompson pursuant to a common stock purchase agreement in a private placement offering that closed on November 18, 2020 in reliance on an exemption from registration afforded by Section 4(a)(2) under the Securities Act of 1933, as amended (the "Securities Act"), and Regulation D and Rule 506(b) as promulgated thereunder. Pursuant to a registration rights agreement entered into in connection with the private placement offering, the Company is required file a registration statement on Form S-1 covering the registration and resale of the shares within 30 days of November 18, 2020.
- [F2]Includes 6,209,101 shares of restricted common stock granted to Ms. Thompson as a signing bonus in connection with her appointment as the Company's Chief Financial Officer and Treasurer. The shares of restricted common stock vest in equal quarterly installments and will be fully vested two years from the date of grant.