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: 2022-02-28

Reporting Person: Bennett David A. (Chief Operating Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-28	Stock Option (Right to Buy)	$3.50	A	1000000	Acquired	2032-02-28	Common Stock, par value $0.00001 (1000000)	Direct
2022-02-28	Stock Option (Right to Buy)	$3.50	A	500000	Acquired	2032-02-28	Common Stock, par value $0.00001 (500000)	Direct
2022-02-28	Stock Option (Right to Buy)	$3.50	A	500000	Acquired	2032-02-28	Common Stock, par value $0.00001 (500000)	Direct
2022-08-22	Stock Option (Right to Buy)	$3.50	D	1000000	Disposed	2032-02-28	Common Stock, par value $0.00001 (1000000)	Direct
2022-08-22	Stock Option (Right to Buy)	$3.50	D	500000	Disposed	2032-02-28	Common Stock, par value $0.00001 (500000)	Direct
2022-08-22	Stock Option (Right to Buy)	$3.50	D	500000	Disposed	2032-02-28	Common Stock, par value $0.00001 (500000)	Direct
2022-08-22	Stock Option (Right to Buy)	$3.02	A	1000000	Acquired	2032-02-28	Common Stock, par value $0.00001 (1000000)	Direct
2022-08-22	Stock Option (Right to Buy)	$3.02	A	500000	Acquired	2032-02-28	Common Stock, par value $0.00001 (500000)	Direct
2022-08-22	Stock Option (Right to Buy)	$3.02	A	500000	Acquired	2032-02-28	Common Stock, par value $0.00001 (500000)	Direct

Footnotes

F1: On February 28, 2022, the Reporting Person was granted stock options exercisable for 1,000,000 shares of common stock. The options will vest with respect to 25% of the underlying shares on February 28, 2023, and thereafter at a rate of 1/36 per month.

F2: On February 28, 2022, the Reporting Person was granted stock options exercisable for 500,000 shares of common stock. The options will vest with respect to 25% of the underlying shares on August 31, 2023, and thereafter at a rate of 1/36 per month.

F3: On February 28, 2022, the Reporting Person was granted stock options exercisable for 500,000 shares of common stock. The options will vest with respect to 25% of the underlying shares on February 28, 2024, and thereafter at a rate of 1/36 per month.

F4: The transactions reported herein reflect a repricing of the options effective on August 22, 2022, resulting in the cancellation of the options and the grant of replacement options. The exercise price of the options was reduced from $3.50 to $3.02 per share. All of the other terms of the options remain the same, including without limitation, the number of shares underlying the options, the vesting period of the options, and the expiration date of the options.