Monaco Donald P 4
4 · NextPlay Technologies Inc. · Filed Aug 17, 2021
Insider Transaction Report
Form 4
Monaco Donald P
Director
Transactions
- Award
Convertible Promissory Note
2021-06-30$585425.00/sh+585,425$342,722,430,625→ 585,425 total(indirect: Through Monaco Investment Partners II, LP)Exercise: $3.02From: 2021-07-06→ Common Stock (193,850 underlying)
Holdings
- 822,302(indirect: Through Monaco Investment Partners II, LP)
Common Stock
- 237,508
Common Stock
- 934,224(indirect: By Trust)
Common Stock
Footnotes (5)
- [F1]Acquired on April 8, 2021, in exchange for accrued Series A Preferred Stock dividends in the same amount. Convertible upon the closing of the Registrant's share exchange agreement with HotPlay Enterprise Limited and its stockholders (the "Exchange"), which closed on June 30, 2021. Accrues interest at the rate of 12% per annum, compounded monthly at the end of each calendar month. Convertible, at the option of the holder thereof at any time beginning 7 days after the closing of the Exchange, at $3.02 per share. Exempt from Section 16(b) pursuant to Rule 16b-3.
- [F2]Convertible Note matures on April 7, 2022.
- [F3]The securities are beneficially owned by Donald P. Monaco Insurance Trust ("Trust"). Donald P. Monaco, is the trustee of the Trust. As such, Mr. Monaco is deemed to beneficially own the securities held by the Trust.interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of, or has pecuniary interest in, any such excess shares for the purposes of Section 16 of the Exchange Act or for any other purpose.
- [F4]Mr. Monaco disclaims beneficial ownership of all shares held by the Trust and Monaco Investment Partners II, LP ("MI Partners") in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of, or has pecuniary interest in, any such excess shares for the purposes of Section 16 of the Exchange Act or for any other purpose.
- [F5]Securities are beneficially owned by MI Partners. Mr. Monaco is the managing general partner of MI Partners. As such, Mr. Monaco is deemed to beneficially own the securities held by the MI Partners.