DriveltAway LLC 3
3 · Driveitaway Holdings, Inc. · Filed Apr 29, 2022
Insider Transaction Report
Form 3
Possumato John Francis
DirectorChief Executive Officer10% Owner
Holdings
- (indirect: By LLC)
Series A Convertible Preferred Stock
→ Common Stock (34,931,837 underlying) Series A Convertible Preferred Stock
→ Common Stock (1,909,671 underlying)
Footnotes (4)
- [F1]Each share of Series A Convertible Preferred Stock has no expiration date, and is convertible immediately into 33.94971 shares of common stock at the option of the holder, and mandatorily at the option of the company under certain circumstances. Each share of Series A Convertible Preferred Stock is entitled to receive dividends and vote on an "as converted" basis with the common stock.
- [F2]Based on 56,250 shares of Series A Convertible Preferred Stock owned by John Possumato.
- [F3]Based on 1,028,929 shares of Series A Convertible Preferred Stock owned by DriveItAway, LLC.
- [F4]John Possumato is the manager of DriveItAway, LLC, and voting control over shares owned by DriveItAway, LLC, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by DriveItAway, LLC, but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.