Grbelja Thomas Michael 4/A
4/A · Nestbuilder.com Corp. · Filed Feb 11, 2022
Insider Transaction Report
Form 4/AAmended
Grbelja Thomas Michael
Treasurer & Secretary
Transactions
- Award
Common Stock
2022-02-04$0.09/sh+275,000$25,438→ 432,030 total - Award
Common Stock Purchase Warrant
2022-02-04+1,975,000→ 1,975,000 totalExercise: $0.09→ Common Stock (1,975,000 underlying)
Footnotes (2)
- [F1]The grant of both the restricted Common Stock and the Common Stock Purchase Warrant was made in consideration of services to be rendered by the Reporting Person to the Issuer. The restricted Common Stock vests over eight equal quarterly installments, subject to acceleration as set forth in a Restricted Stock Award Agreement. The Common Stock Purchase Warrant vests and becomes exercisable as follows: 1/4 of the underlying shares vest one year from the issue date, and, thereafter, 1/12 of the remaining underlying shares vest on a monthly basis, subject to acceleration as set forth in the Common Stock Purchase Warrant.
- [F2]The Common Stock Purchase Warrant is exercisable by the Reporting Person, to the extent vested, for a period of five years from the date of issuance, into shares of common stock of theIssuer, subject to a 9.99% beneficial ownership limitation, at an exercise price of $0.0925 per share or by a cashless exercise according to the formula set forth in the Warrant.