CISO Global, Inc. — Director's Dealing 2023

Mar 30, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CERBERUS CYBER SENTINEL CORP (CISO)
CIK: 0001777319
Period of Report: 2021-12-31

Reporting Person: Smith Debra (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-31	Stock Option (Right to Buy)	$5.00	A	5000	Acquired	2031-12-31	Common Stock, par value $0.00001 (5000)	Direct
2022-01-14	Stock Option (Right to Buy)	$2.00	A	500000	Acquired	2032-01-14	Common Stock, par value $0.00001 (500000)	Direct
2022-08-22	Stock Option (Right to Buy)	$2.00	D	500000	Disposed	2032-08-22	Common Stock, par value $0.00001 (500000)	Direct
2022-08-22	Stock Option (Right to Buy)	$3.02	A	500000	Acquired	2032-08-22	Common Stock, par value $0.00001 (500000)	Direct

Footnotes

F1: On December 31, 2021, the Reporting Person was granted stock options exercisable for 5,000 shares of common stock (the "2021 Options"). The 2021 Options will vest with respect to 25% of the underlying shares on December 31, 2022, and thereafter at a rate of 1/36 per month.

F2: On January 14, 2022, the Reporting Person was granted stock options exercisable for 500,000 shares of common stock (the "2022 Options"). The 2022 Options will vest with respect to 30% of the underlying shares on January 31, 2023, and thereafter at a rate of 1/24 per month.

F3: The transactions reported herein reflect a repricing of the 2022 Options effective on August 22, 2022, resulting in the cancellation of the 2022 Options and the grant of replacement options. The exercise price of the 2022 Options was increased from $2.00 to $3.02 per share. All of the other terms of the 2022 Options remain the same, including without limitation, the number of shares underlying the 2022 Options, the vesting period of the 2022 Options, and the expiration date of the 2022 Options.