4//SEC Filing
Cox Kevin Brian 4
Accession 0001493152-22-015787
CIK 0001392694other
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 9:29 AM ET
Size
12.6 KB
Accession
0001493152-22-015787
Insider Transaction Report
Form 4
SurgePays, Inc.SURG
Cox Kevin Brian
DirectorCEO and Chairman of Board
Transactions
- Other
Common stock, $0.001 par value per share
2021-11-11+561,758→ 561,758 total(indirect: By LLC) - Conversion
Common stock, $0.001 par value per share
2021-11-11+3,016,820→ 3,437,794 total - Conversion
Series C Preferred
2021-11-11−603,364→ 0 totalFrom: 2019-06-30→ Common Stock (3,016,820 underlying) - Purchase
Common stock, $0.001 par value per share
2022-06-02$4.39/sh+4,900$21,511→ 3,442,694 total
Footnotes (5)
- [F1]On November 4, 2021, SurgePays, Inc. (the "Company"), closed on its firm commitment underwritten public offering (the "Offering") of shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), and warrants to purchase shares of Common Stock. As disclosed in the final prospectus filed in connection with the Offering, following the closing of the Offering, on November 11, 2021 the Company issued (i) 3,016,820 shares of Common Stock to Mr. Cox pursuant to the conversion of shares of Series C Preferred Stock held by Mr. Cox and (ii) 561,758 shares of Common Stock to SMDMM Funding, LLC ("SMDMM"), an entity solely controlled by Mr. Cox, as the result of the conversion of $2,415,560 in principal and accrued interest owed to SMDMM. In addition to the final prospectus, the foregoing issuances were previously disclosed in the Company's Current Report on Form 8-K filed on November 17, 2021.
- [F2]Note 1 continued - The ownership of these shares is also disclosed in Item 12 of the Company's Form 10-K filed on March 24, 2022.
- [F3]The Company effected a reverse stock split at a ratio of 1-for-50 on November 2, 2021. The 3,437,794 share amount reported in this Item 6 is the sum of (i) the 21,048,724 shares directly owned by Mr. Cox as reported in his last Form 4 filed on September 14, 2021 divided by 50 which equals 420,974 shares plus the 3,016,820 shares issued pursuant to the conversion of the Series C Preferred Stock.
- [F4]The shares acquired were purchased at various prices throughout the day. The price reflected is an average of the per share price from the trading day.
- [F5]The Series C Preferred Stock shares had no expiration date. Following the conversions on November 11, 2021, there are no longer any shares of Series C Preferred Stock outstanding.
Documents
Issuer
SurgePays, Inc.
CIK 0001392694
Entity typeother
Related Parties
1- filerCIK 0001784994
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 9:29 AM ET
- Size
- 12.6 KB