CELLI FRANK E. 4
4 · TRAQIQ, INC. · Filed Sep 28, 2023
Insider Transaction Report
Form 4
TRAQIQ, INC.TRIQ
CELLI FRANK E.
Director10% Owner
Transactions
- Purchase
Series A Right to Receive Common Stock
2023-07-20+1→ 44,679,817 total(indirect: See Footnote)Exercise: $0.00From: 2023-07-20Exp: 2028-07-20→ Common Stock (44,679,817 underlying)
Footnotes (1)
- [F1]These shares are owned directly by MVSR, LLC, a Nevada limited liability company ("MVSR"), and indirectly by Frank Celli in his capacity as the manager of MVSR. MVSR acquired this Series A Right to Receive Common Stock (the "Right") of TraQiQ, a California corporation (the "Issuer"), in connection with the execution and delivery of a Settlement Agreement by and between MVSR, the Issuer, and Renovare Environmental, Inc., a Delaware corporation, dated July 20, 2023. The Right is exercisable at any time, until July 20, 2028, into 44,679,817 shares of the Issuer's Common Stock, without payment of additional consideration. MVSR shall not have the right to exercise any portion of the Right if MVSR would beneficially own in excess of 4.99% of the shares of Common Stock of the Issuer outstanding immediately after giving effect to such exercise.