Phipps David 4
4 · ORBSAT CORP · Filed Jan 7, 2021
Insider Transaction Report
Form 4
ORBSAT CORPOSAT
Phipps David
DirectorChief Executive Officer
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2020-12-31+1,500,000→ 1,508,333 totalExercise: $0.25Exp: 2030-12-30→ Common Stock par value $0.0001 (1,500,000 underlying)
Footnotes (1)
- [F1]The grant of these non-qualified options was approved by the Registrant's Board of Directors on December 31, 2020 and granted pursuant to the 2020 Equity Incentive Plan (the "Plan"), subject to shareholder approval of the Plan. The options vested immediately and were exercised in full upon grant, as reporting Table I of this Form.