Rodgers Bruce M. 4
4 · LM FUNDING AMERICA, INC. · Filed Feb 16, 2022
Insider Transaction Report
Form 4
Rodgers Bruce M.
DirectorChairman, CEO and President
Transactions
- Award
Common Stock
2022-02-14+48,662→ 48,662 total
Holdings
- 20(indirect: By IRA)
Common Stock
- 21,912(indirect: By Trust)
Common Stock
- 853(indirect: By LLC)
Common Stock
- 232(indirect: By IRA)
Common Stock
- 21,912(indirect: By Trust)
Common Stock
- 1,800,000
Stock Option (right to buy)
Exercise: $5.95Exp: 2031-10-28→ Common Stock (1,800,000 underlying)
Footnotes (3)
- [F1]Shares were issued under employment agreement as described in Form 8-K filed by LM Funding America, Inc. on November 1, 2021.
- [F2]Bruce M. Rogers and Carollinn Gould, husband and wife, and their family, including trusts or custodial accounts of minor children of each of Mr. Rodgers and Ms. Gould, own 100% of the outstanding membership interests of BRR Holding, LLC. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares.
- [F3]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.