Gandini David Joseph 4
4 · SOBR Safe, Inc. · Filed May 24, 2022
Insider Transaction Report
Form 4
SOBR Safe, Inc.SOBR
Gandini David Joseph
DirectorChief Revenue Officer
Transactions
- Other
Common Stock
2022-05-18$4.00/sh+23,530$94,120→ 23,530 total - Other
Common Stock Warrants
2022-05-18$0.13/sh+47,060$5,883→ 47,060 totalExercise: $4.25From: 2022-05-18Exp: 2027-05-18→ Common Stock (47,060 underlying) - Other
Series B Convertible Preferred Stock
2022-03-01+1,000,000→ 1,000,000 totalFrom: 2022-03-01→ Common Stock (333,334 underlying)
Footnotes (4)
- [F1]Mr. Gandini acquired 23,530 Units for $100,000 in the Issuer's recent $10 million firm underwritten public offering, with each Unit consisting of one share of the Issuer's common stock and two warrants, each to purchase one share of the Issuer's common stock at $4.25. The price per Unit was $4.25, with $4.00 of the Unit price attributed to the share of common stock and $0.125 of the Unit price attributed to each warrant.
- [F2]Each three shares of Series B Convertible Preferred Stock is convertible into one share of the Issuer's common stock after giving effect to the 1-for-3 reverse stock split that went effective April 28, 2022.
- [F3]As reported in the Issuer's filings, Mr. Gandini exchanged 333,334 shares of common stock (adjusted for 1-for-3 reverse stock split) for 1 million shares of the Issuer's Series B Convertible Preferred Stock in connection with the Issuer's planned uplist to Nasdaq. The Issuer's Series B Preferred Stock is convertible at any time into shares of the Issuer's common at a rate of 3 shares of Series B Preferred Stock for one share of common stock. The Series B Preferred Stock does not have an expiration date. Except for a liquidation preference over common stock, the Series B Preferred Stock has the same rights as common stock.
- [F4]The Series B Preferred Stock do not expire.