TOGHRAIE JEFF 4
4 · Axil Brands, Inc. · Filed Oct 15, 2024
Insider Transaction Report
Form 4
TOGHRAIE JEFF
DirectorChairman, CEO
Transactions
- Award
Stock Option (right to buy)
2024-10-14+350,000→ 350,000 totalExercise: $4.01Exp: 2034-10-14→ Common Stock (350,000 underlying)
Holdings
- 15,456,750(indirect: By Intrepid Global Advisors)
Series A Preferred Stock
→ Common Stock (772,838 underlying) - 155,000
Stock Option (right to buy)
Exercise: $1.80Exp: 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 in 48 equal monthly installments, beginning on October 14, 2024, the date of grant, subject to continued employment through the vesting date.
- [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; 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]Fully exercisable.