4//SEC Filing
Rich Sanford 4
Accession 0001683168-24-007513
CIK 0001956955other
Filed
Oct 30, 8:00 PM ET
Accepted
Oct 31, 4:02 PM ET
Size
8.0 KB
Accession
0001683168-24-007513
Insider Transaction Report
Form 4
Rich Sanford
Director
Transactions
- Purchase
Common Stock
2024-10-30$1.52/sh+65,789$99,999→ 118,696 total - Purchase
Warrants
2024-10-30$1.52/sh+65,789$99,999→ 65,789 totalExercise: $1.99From: 2025-04-29Exp: 2030-04-30→ Common Stock (65,789 underlying)
Footnotes (2)
- [F1]On October 29, 2024, the Issuer and the Reporting Person entered into a Securities Purchase Agreement (the "SPA"), pursuant to which the Reporting Person purchased 65,789 units, each unit consisting of one share of common stock and one warrant, from the Issuer in a private placement in reliance upon the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933 and Rule 506 promulgated thereunder. The transaction contemplated by the SPA closed on October 30, 2024 (the "Closing Date").
- [F2]The warrants may not be exercised for 180 days after the Closing Date, so the Reporting Person is not deemed to be the beneficial owner of the underlying shares of common stock. The warrants contain beneficial ownership limitations preventing the Reporting Person from owning in excess of 4.99% or 9.99% of outstanding shares of common stock at any given time and, subject to shareholder approval, 19.99% of all current outstanding common stock currently outstanding or such lesser percentage required by the NYSE American without first obtaining stockholder approval in accordance with the NYSE American rules.
Documents
Issuer
Unusual Machines, Inc.
CIK 0001956955
Entity typeother
Related Parties
1- filerCIK 0001362039
Filing Metadata
- Form type
- 4
- Filed
- Oct 30, 8:00 PM ET
- Accepted
- Oct 31, 4:02 PM ET
- Size
- 8.0 KB