4//SEC Filing
TOGHRAIE JEFF 4
Accession 0001520138-24-000121
CIK 0001718500other
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 5:19 PM ET
Size
11.6 KB
Accession
0001520138-24-000121
Insider Transaction Report
Form 4
Intrepid Global Advisors, Inc.
10% Owner
Transactions
- Purchase
Series A Preferred Stock
2024-03-19+4,206,750→ 4,206,750 total(indirect: By Intrepid Global Advisors)→ Common Stock (210,338 underlying)
Holdings
- 155,000
Stock Option (right to buy)
Exercise: $1.80From: 2022-09-01Exp: 2032-04-20→ Common Stock (155,000 underlying) - 1,246,700(indirect: By Intrepid Global Advisors)
Common Stock
TOGHRAIE JEFF
DirectorChairman, CEO
Transactions
- Purchase
Series A Preferred Stock
2024-03-19+4,206,750→ 4,206,750 total(indirect: By Intrepid Global Advisors)→ Common Stock (210,338 underlying)
Holdings
- 155,000
Stock Option (right to buy)
Exercise: $1.80From: 2022-09-01Exp: 2032-04-20→ Common Stock (155,000 underlying) - 1,246,700(indirect: By Intrepid Global Advisors)
Common Stock
Footnotes (4)
- [F1]Jeff Toghraie is the managing director of Intrepid Global Advisors, Inc.
- [F2]Options vest as follows: 25% of the original grant amount vested on September 1, 2022 and the remainder vests in 24 equal monthly installments on the first day of each month, beginning October 1, 2022.
- [F3]The Series A Preferred Stock, par value $0.0001 per share (the "Preferred Stock"), is convertible into shares of the Issuer's common stock on a twenty-for-one basis, at the option of the holder, at any time after the second anniversary of the date that the Issuer first issued shares of Preferred Stock, or June 16, 2022; provided, that the holder may not convert that number of shares of Preferred Stock which would cause the holder to become the beneficial owner of more than 5% of the Issuer's common stock, as determined in accordance with Sections 13(d) and (g) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder. The Preferred Stock has no expiration date.
- [F4]On March 19, 2024, Intrepid Global Advisors, Inc. purchased 4,206,750 shares of Preferred Stock (equivalent to approximately 210,338 shares of the Issuer's common stock on an as-converted basis) for cash consideration of $25,240.50, pursuant to a repurchase agreement entered into with the previous holder of such Preferred Stock.
Documents
Issuer
Axil Brands, Inc.
CIK 0001718500
Entity typeother
Related Parties
1- filerCIK 0001063732
Filing Metadata
- Form type
- 4
- Filed
- Mar 20, 8:00 PM ET
- Accepted
- Mar 21, 5:19 PM ET
- Size
- 11.6 KB