Welch David Ryan 4
4 · AGRIFORCE GROWING SYSTEMS LTD. · Filed Dec 21, 2022
Insider Transaction Report
Form 4
Welch David Ryan
Director
Transactions
- Award
Common Stock
2021-09-01$2.34/sh+14,908$34,885→ 39,292 total
Holdings
- 58,140
Stock options to Purchase Shares of Common Stock
Exercise: $1.14Exp: 2027-11-18→ Stock options (24,477 underlying)
Footnotes (2)
- [F1]The shares subject to such option vest and become exercisable annually in substantially equal installments over a three-year period, with the first tranche to be vested on the three-month anniversary of date of grant of November 18, 2022, subject to the Reporting Person's continuous service to the Issuer on each such date.
- [F2]If permitted by the policies of any stock exchange on which the Issuer may be listed from time to time, the stock option may be exercised by means of a "cashless exercise", in which event the Issuer shall issue to the holder the net number of common shares determined based on the formula presented in the exhibit to the stock option certificate.