GIORDANO JAMES PAUL 4
4 · Transportation & Logistics Systems, Inc. · Filed Jun 2, 2022
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
2022-03-11$0.01/sh+11,363,636$125,000→ 11,363,636 total
Footnotes (1)
- [F1]On 3/11/22, pursuant to an employment agreement effective 1/3/2022, the Company granted the Reporting Person 11,363,636 shares of Company common stock which were valued at $125,000, 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 quarterly installments with the first installment of 2,840,909 shares vesting on 3/31/22, and 2,840,909 shares vesting each subsequent quarter through 12/31/22.