4/A//SEC Filing
CARLISE THERESA 4/A
Accession 0001493152-21-023594
CIK 0001058307other
Filed
Sep 23, 8:00 PM ET
Accepted
Sep 24, 4:19 PM ET
Size
13.7 KB
Accession
0001493152-21-023594
Insider Transaction Report
Form 4/AAmended
ORBSAT CORPOSAT
CARLISE THERESA
CFO, Treasurer and Secretary
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2020-08-21+14,200→ 14,200 totalExercise: $1.00Exp: 2030-08-20→ Common Stock (14,200 underlying) - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2021-09-23−14,200→ 0 totalExercise: $1.00Exp: 2030-08-20→ Common Stock (14,200 underlying) - Award
Common Stock, par value $0.0001
2020-08-21+1,000→ 1,000 total - Exercise/Conversion
Common Stock, par value $0.0001
2021-09-23$1.00/sh+14,200$14,200→ 15,200 total - Tax Payment
Common Stock, par value $0.0001
2021-09-23$5.14/sh−2,763$14,202→ 12,437 total
Footnotes (4)
- [F1]This Form 4 Amendment is being submitted to correct the disclosure regarding the options granted on 8/21/2020. On May 28, 2021, the Issuer effected a 1-for-5 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
- [F2]Represents restricted stock awarded by the Board of Directors on 8/21/2020 and granted pursuant to the Company's 2020 Equity Incentive Plan.
- [F3]On September 23, 2021, the reporting person exercised options to purchase 14,200 shares at $1.00 per share. The Reporting Person paid the exercise price on a cashless basis (a "net exercise"), resulting in the Issuer withholding 2,763 of the option shares to pay the exercise price and issuing to the Reporting Persons the remaining 11,437 shares.
- [F4]The grant of these options was approved by the Registrants Board of Directors on 8/21/2020 and subject to the Company's 2020 Equity Incentive Plan. All options vested immediately upon grant date.
Documents
Issuer
ORBSAT CORP
CIK 0001058307
Entity typeother
Related Parties
1- filerCIK 0001086391
Filing Metadata
- Form type
- 4/A
- Filed
- Sep 23, 8:00 PM ET
- Accepted
- Sep 24, 4:19 PM ET
- Size
- 13.7 KB