4//SEC Filing
KERBY WILLIAM 4
Accession 0001493152-24-000361
CIK 0000788611other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 8:39 PM ET
Size
10.7 KB
Accession
0001493152-24-000361
Insider Transaction Report
Form 4
KERBY WILLIAM
Director
Transactions
- Other
Option
2023-12-29−5,152→ 5,152 total(indirect: By LLC)From: 2024-06-01Exp: 2024-12-29→ Common Stock (5,152 underlying) - Award
Common Stock
2023-12-29+28,625→ 28,625 total - Award
Common Stock
2023-12-29+11,386→ 11,386 total(indirect: By LLC)
Footnotes (3)
- [F1]Shares received in exchange for equity interests beneficially owned by William Kerby in connection with the exchange of all outstanding shares of NextTrip Holdings, Inc. for shares of the Issuer's common stock (the "Exchange") pursuant to a share exchange agreement dated October 13, 2023, as amended. Additional shares of the Issuer may be issued in the future upon achievement of certain milestones. No additional consideration was paid in connection with the Exchange, which closed on December 29, 2023.
- [F2]The shares are beneficially owned by ravel and Media Tech, LLC ("TMT"). Mr. Kerby is a 50% member of TMT. As such, Mr. Kerby is deemed to beneficially own the shares held by TMT. Mr. Kerby disclaims beneficial ownership of all securities held by TMT in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of, or has pecuniary interest in, any such excess shares for the purposes of Section 16 of the Exchange Act or for any other purpose.
- [F3]On December 29, 2023, in connection with the Exchange, TMT entered into an agreement pursuant to which, from June 1, 2024 to December 29, 2024, (i) TMT has the right to purchase 5,152 shares of the Issuer's common stock from an investor, as well as any additional shares that may be issued to such investor upon achievement of certain milestones in connection with the Exchange (collectively, the "Option Shares"), for an aggregate of $400,000, and (ii) the investor has the right to put the Option Shares to TMT for an aggregate of $379,000.
Documents
Issuer
SIGMA ADDITIVE SOLUTIONS, INC.
CIK 0000788611
Entity typeother
Related Parties
1- filerCIK 0001447019
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 8:39 PM ET
- Size
- 10.7 KB