Russell Richard D. 4
4 · LM FUNDING AMERICA, INC. · Filed Nov 1, 2021
Insider Transaction Report
Form 4
Russell Richard D.
Chief Financial Officer
Transactions
- Award
Stock Option (right to buy)
2021-10-28+1,800,000→ 1,800,000 totalExercise: $5.95Exp: 2031-10-28→ Common Stock (1,800,000 underlying)
Holdings
- 1,500
Stock Option (right to buy)
Exercise: $50.00Exp: 2028-05-29→ Common Stock (1,500 underlying) - 500
Stock Option (right to buy)
Exercise: $500.00Exp: 2027-11-29→ Common Stock (500 underlying)
Footnotes (2)
- [F1]Options were granted under the LM Funding America, Inc. 2021 Omnibus Incentive Plan ("Plan"). Options will vest as to one-third of option shares on October 28, 2022 and as to 1/36 of the options shares on a monthly basis thereafter until vested in full, subject to acceleration of vesting upon a Change of Control (as defined in the Plan) or upon the Issuer's common stock achieving a closing price of greater than $12.00 for 10 consecutive trading days. Notwithstanding, the options will not be exercisable unless and until the Plan is approved by the Issuer's stockholders within one year of grant date.
- [F2]This option is presently exercisable in full.