4//SEC Filing
GIORDANO SEBASTIAN 4
Accession 0001493152-22-015707
CIK 0001463208other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 3:43 PM ET
Size
8.3 KB
Accession
0001493152-22-015707
Insider Transaction Report
Form 4
GIORDANO SEBASTIAN
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2022-03-11$0.01/sh+122,126,433$1,343,391→ 122,126,433 total - Award
Warrant
2020-02-21+1→ 25,000,000 total(indirect: See Footnote)Exercise: $0.06From: 2020-06-16Exp: 2025-06-16→ Common Stock (25,000,000 underlying)
Footnotes (2)
- [F1]On 3/11/22, pursuant to an employment agreement dated 1/4/22, the Company granted the Reporting Person 122,126,433 shares of Company common stock which were valued at $1,343,391, or $0.011 per common share, based on the quoted closing price of the Company's common stock on the measurement date. These shares vest in four (4) equal annual installments with the first installment of 30,531,608 shares vesting on 1/3/22, and 30,531,608 additional shares vesting on January 3rd of each subsequent year through 1/3/25.
- [F2]In 2020, the Company retained the services of a consultant, Ascentaur, LLC ("Ascentaur"), pursuant to a Consulting Agreement between the Company and Ascentaur dated 2/21/20, as amended (the "Consulting Agreement"). Under the Consulting Agreement, the Reporting Person, who is the CEO and principal of Ascentaur, provided management services to the Company. Pursuant to the Consulting Agreement, in 2020, Ascentaur received a warrant to purchase up to 25,000,000 shares of common stock of the Company exercisable at $0.06 per share, in whole or in part, at any time between 6/16/2020 and 6/16/2025.
Documents
Issuer
Transportation & Logistics Systems, Inc.
CIK 0001463208
Entity typeother
Related Parties
1- filerCIK 0001571479
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 3:43 PM ET
- Size
- 8.3 KB