4//SEC Filing
Cusimano Louis 4
Accession 0001493152-22-000581
CIK 0001058307other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 4:44 PM ET
Size
5.7 KB
Accession
0001493152-22-000581
Insider Transaction Report
Form 4
ORBSAT CORPOSAT
Cusimano Louis
Director
Transactions
- Purchase
Common Stock, par value $0.0001
2022-01-05$3.24/sh+15,433$50,003→ 35,433 total
Footnotes (2)
- [F1]Represents 15,433 shares of the Issuer's common stock acquired by the Reporting Person from the Issuer in a private placement transaction that closed on January 5, 2022, pursuant to a Securities Purchase Agreement dated December 31, 2021. The purchase price for the acquired shares was $3.24 per share, which is the closing transaction price of the Issuer's common stock reported by Nasdaq on December 31, 2021.
- [F2]Includes a restricted stock award that was effective 12/16/21 (the "Grant Date"). One half of the award (10,000 shares) was fully vested and issued on Grant Date and the remaining half (10,000 shares) will vest and be issued on the one year anniversary of the Grant Date. The award was granted pursuant to the Orbsat Corp 2021 Incentive Award Plan.
Documents
Issuer
ORBSAT CORP
CIK 0001058307
Entity typeother
Related Parties
1- filerCIK 0001872864
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 4:44 PM ET
- Size
- 5.7 KB