Brown Jeffrey B. 4
4 · Axil Brands, Inc. · Filed Jan 13, 2025
Insider Transaction Report
Form 4
Brown Jeffrey B.
DirectorCFO, COO
Transactions
- Conversion
Series A Preferred Stock
2025-01-10−2,000,000→ 0 total(indirect: By BZ Capital Strategies)→ Common Stock (100,000 underlying) - Conversion
Common Stock
2025-01-10+100,000→ 100,000 total(indirect: By BZ Capital Strategies)
Holdings
- 250,000
Stock Option (right to buy)
Exercise: $4.01Exp: 2034-10-14→ Common Stock (250,000 underlying) - 15,143
Common Stock
- 110,000
Stock Option (right to buy)
Exercise: $1.80Exp: 2032-04-20→ Common Stock (110,000 underlying)
Footnotes (4)
- [F1]BZ Capital Strategies converted all of the shares of Series A Preferred Stock, par value $0.0001 per share (the "Preferred Stock"), held by it into shares of the Issuer's common stock. 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, and has no expiration date.
- [F2]Fully exercisable.
- [F3]Options vest in 48 equal monthly installments, beginning on October 14, 2024, the date of grant, subject to continued employment through the vesting date.
- [F4]Jeffrey Brown is the co-owner, Chairman of the board of directors and Chief Financial Officer of BZ Capital Strategies.