BRILON ROBERT J 4
4 · Bitech Technologies Corp · Filed Jul 6, 2022
Insider Transaction Report
Form 4
BRILON ROBERT J
DirectorChief Financial Officer
Transactions
- Conversion
Series A Convertible Preferred Stock
2022-06-27−23,857→ 0 total→ Common Stock (1,287,694 underlying) - Conversion
Common Stock, par value $0.001
2022-06-27+1,287,694→ 5,923,414 total
Footnotes (2)
- [F1]Each share of Series A Convertible Preferred Stock (the "Series A Preferred Stock") automatically converted into 53.97561 shares of Issuer's common stock for no additional consideration upon the Issuer's filing a certificate of amendment to the certificate of incorporation authorizing a sufficient number of shares of common stock to permit a full conversion of all issued and outstanding Series A Preferred Stock. The Series A Preferred Stock has no expiration date.
- [F2]Includes 4,635,720 shares subject to vesting and 1,287,694 issued upon conversion of Series A Preferred Stock. Vesting is 25% on April 13, 2023, 25% on April 13, 2024, 25% on April 13, 2025 and 25% on April 13, 2026 only if the Reporting Person is still providing services to the Issuer at the time of vesting.