4//SEC Filing
Brown Jeffrey B. 4
Accession 0001520138-24-000414
CIK 0001718500other
Filed
Nov 11, 7:00 PM ET
Accepted
Nov 12, 4:15 PM ET
Size
10.1 KB
Accession
0001520138-24-000414
Insider Transaction Report
Form 4
Brown Jeffrey B.
DirectorCFO, COO
Transactions
- Purchase
Series A Preferred Stock
2024-11-08+2,000,000→ 2,000,000 total(indirect: By BZ Capital Strategies)→ Common Stock (100,000 underlying)
Holdings
- 110,000
Stock Option (right to buy)
Exercise: $1.80Exp: 2032-04-20→ Common Stock (110,000 underlying) - 250,000
Stock Option (right to buy)
Exercise: $4.01Exp: 2034-10-14→ Common Stock (250,000 underlying) - 15,143
Common Stock
Footnotes (5)
- [F1]Fully exercisable.
- [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]On November 8, 2024, BZ Capital Strategies purchased 2,000,000 shares of Preferred Stock (equivalent to 100,000 shares of the Issuer's common stock on an as-converted basis) for consideration of $20,000, pursuant to a purchase agreement entered into with the previous holder of such Preferred Stock.
- [F5]Jeffrey Brown is the co-owner, Chairman of the board of directors and Chief Financial Officer of BZ Capital Strategies.
Documents
Issuer
Axil Brands, Inc.
CIK 0001718500
Entity typeother
Related Parties
1- filerCIK 0001945871
Filing Metadata
- Form type
- 4
- Filed
- Nov 11, 7:00 PM ET
- Accepted
- Nov 12, 4:15 PM ET
- Size
- 10.1 KB