Brda John A. 4
4 · TORCHLIGHT ENERGY RESOURCES INC · Filed Aug 28, 2018
Insider Transaction Report
Form 4
Brda John A.
10% Owner
Transactions
- Award
Common Stock
2018-08-27$1.18/sh+50,000$59,000→ 2,318,322 total(indirect: (See Footnote))
Footnotes (2)
- [F1]On August 27, 2018, the issuer issued Mr. Brda 50,000 restricted shares of common stock in exchange for the elimination of $59,000 in accrued and unpaid compensation due to Mr. Brda, which compensation is undisputed and has been reflected in the issuer's prior financial statements.
- [F2]Mr. Brda immediately transferred the shares of common stock reported in this transaction to the John A. Brda Trust (the "Trust"). Mr. Brda is the settlor of the Trust and reserves the right to revoke the Trust without the consent of another person. Further, he is the trustee of the Trust and exercises investment control over the securities held by the Trust.