DriveltAway LLC 4
4 · Driveitaway Holdings, Inc. · Filed Apr 29, 2022
Insider Transaction Report
Form 4
Possumato John Francis
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Common Stock
2022-04-20+1,909,671→ 1,909,671 total - Conversion
Series A Convertible Preferred Stock
2022-04-20−56,250→ 0 total→ Common Stock (1,909,671 underlying) - Exercise/Conversion
Common Stock
2022-04-20+34,931,841→ 34,931,841 total(indirect: By LLC) - Conversion
Series A Convertible Preferred Stock
2022-04-20−1,028,929→ 0 total(indirect: By LLC)→ Common Stock (34,931,837 underlying)
Footnotes (2)
- [F1]The common shares were acquired upon the voluntary conversion of Series A Convertible Preferred Stock held by the reporting person. Each share of Series A Convertible Preferred Stock was convertible into 33.94971 shares of common stock at the option of the holder, and mandatorily at the option of the company under certain circumstances.
- [F2]John Possumato is the manager of DriveItAway, LLC, and has 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.