Knapp James B. 4
4 · IOTA COMMUNICATIONS, INC. · Filed Jul 23, 2020
Insider Transaction Report
Form 4
Knapp James B.
Director
Transactions
- Award
Common Stock, par value $0.0001
2018-09-05+134,594,144→ 134,594,144 total(indirect: By LLC) - Other
Common Stock, par value $0.0001
2019-10-30−36,864,715→ 97,729,429 total(indirect: By LLC) - Other
Common Stock, par value $0.0001
2019-10-30+36,864,715→ 36,864,715 total
Footnotes (3)
- [F1]These shares were received in connection with the merger (the "Merger") of Iota Networks, LLC into M2M Spectrum Networks, LLC, a former wholly-owned subsidiary of Spectrum Networks Group, LLC ("SNG"), and includes 129,555,432 shares of common stock issued in connection with the Merger and 5,038,712 shares of common stock issued as a result of a conversion of $5 million plus accrued interest of convertible debt held by SNG. On the effective date of the Merger, the closing price of the Issuer's common stock was $0.99 per share.
- [F2]These shares may be deemed to be indirectly beneficially owned by the Reporting Person, who is a manager of SNG. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F3]These shares were distributed to the Reporting Person by SNG.