Balaouras Paris 5
5 · MJ Holdings, Inc. · Filed Jun 9, 2021
Insider Transaction Report
Form 5
Balaouras Paris
DirectorChief Executive Officer10% Owner
Transactions
- Award
Stock option
2020-09-15$0.75/sh+500,000$375,000→ 500,000 totalExercise: $0.75From: 2020-09-15Exp: 2023-09-15→ Common stock (500,000 underlying)
Footnotes (1)
- [F1]Explanation of Responses: (1) On September 15, 2020, Mr. Balaouras was granted an option to purchase 500,000 shares of the Company's common stock as per the terms of his Employment Agreement (the "Agreement"). The option has an exercise price of $0.75 and expires on the three-year anniversary date of the Agreement. 250,000 shares vested upon execution of the Agreement and 250,000 shares vest at the one-year anniversary of the Agreement.