4//SEC Filing
Tiramani Paolo 4
Accession 0001493152-23-041296
CIK 0001816937other
Filed
Nov 13, 7:00 PM ET
Accepted
Nov 14, 5:10 PM ET
Size
18.0 KB
Accession
0001493152-23-041296
Insider Transaction Report
Form 4
Boxabl Inc.BOX
Tiramani Paolo
DirectorCo-Chief Executive Officer10% Owner
Transactions
- Gift
Series A-2 Preferred Stock, par value $0.00001
2023-11-10+37,500,000→ 37,500,000 total(indirect: By Trust)→ Common Stock, par value $0.00001 (37,500,000 underlying)
Footnotes (3)
- [F1]Each share of Series A-2 Preferred Stock automatically converts into the Company's Common Stock on a one-for-one basis upon the closing of the sale of the Company's Common Stock to the public in a firm commitment underwritten public offering that meets certain criteria or an offering of the Company's Common Stock in reliance on Regulation A of the Securities Act of 1933, as amended.
- [F2]Shares were gifted to Dechomai Asset Trust without consideration. The price per share of the Company's Series A-2 Preferred stock based on the valuation of the merger transaction between the Company and Build IP, an affiliate entity owned by Mr. Tiramani prior to the merger, was valued at $30,000,000 or $0.80 per share.
- [F3]Shares of Series A-2 Preferred Stock owned directly by Dechomai Asset Trust. The reporting person is deemed to have voting and investment power of the shares held by Dechomai Asset Trust.
Documents
Issuer
Boxabl Inc.
CIK 0001816937
Entity typeother
Related Parties
1- filerCIK 0001996026
Filing Metadata
- Form type
- 4
- Filed
- Nov 13, 7:00 PM ET
- Accepted
- Nov 14, 5:10 PM ET
- Size
- 18.0 KB