Miller Glen Martin 4
4 · Titan Environmental Solutions Inc. · Filed Mar 20, 2025
Insider Transaction Report
Form 4
Miller Glen Martin
DirectorChief Executive Officer10% Owner
Transactions
- Award
Options to Purchase Common Stock
2024-12-31+10,000,000→ 10,000,000 totalExercise: $0.04From: 2024-12-31Exp: 2029-12-31→ Common Stock (10,000,000 underlying) - Other
Series B Preferred Stock
2024-07-02+5,045→ 5,045 totalExercise: $0.05→ Common Stock - Other
Warrants to Purchase Common Stock
2024-07-02+504,500→ 504,500 totalExercise: $0.06From: 2024-07-02Exp: 2029-07-02→ Common Stock (504,500 underlying)
Footnotes (3)
- [F1]The securities reported herein were granted to the reporting person by Titan Environmental Solutions Inc. (the "Issuer") pursuant to the Issuer's 2023 Equity Incentive Plan.
- [F2]The shares of Series B Convertible Preferred Stock reported herein (the "Series B Preferred Stock") were granted to the reporting person by the Issuer, along with the Warrants (as defined in footnote 3), in exchange for promissory notes previously issued to the reporting person by the Issuer in the aggregate principal amount of $50,000 (the "Exchange Notes"). Each share of Series B Preferred Stock shall be convertible at any time into that number of shares of the Issuer's common stock, par value $0.0001 per share, calculated by dividing the sum of $10.00 for each share of Series B Preferred Stock being converted, plus any accrued but unpaid dividends and any other amounts payable hereunder with respect thereto, by $0.05. The Series B Preferred Stock has no expiration date.
- [F3]The warrants reported herein (the "Warrants") were granted to the reporting person by the Issuer, along with the Series B Preferred Stock, in exchange for the Exchange Notes.