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EXXON MOBIL CORP — Director's Dealing 2024
Jun 26, 2024
29749_dirs_2024-06-26_9b728830-ff5e-43dd-8dcc-91268707bf37.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Global Clean Energy Holdings, Inc. (GCEH)
CIK: 0000748790
Period of Report: 2024-06-25
Reporting Person: EXXON MOBIL CORP (Director, 10% Owner)
Reporting Person: ExxonMobil Renewables LLC (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-25 | Series C Preferred Stock | D | 125000 | — | Disposed | 0 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-25 | Warrant to Purchase Common Stock (Right to Buy) | $2.25 | D | 2489643 | Disposed | 2028-12-23 | Common Stock (2489643) | Indirect |
| 2024-06-25 | Warrant to Purchase Common Stock (Right to Buy) | $2.25 | D | 13530723 | Disposed | Common Stock (13530723) | Indirect | |
| 2024-06-25 | Warrant to Purchase Common Stock (Right to Buy) | $2.25 | D | 6500000 | Disposed | Common Stock (6500000) | Indirect |
Footnotes
F1: On June 25, 2024, ExxonMobil Renewables LLC ("ExxonMobil Renewables") and ExxonMobil Oil Corporation ("EMOC") entered into a Settlement and Mutual Release Agreement with the Issuer and certain other parties thereto, pursuant to which the parties agreed to the cancellation of the shares of Series C Preferred Stock and warrants to purchase shares of Common Stock held by ExxonMobil Renewables and EMOC in consideration for a settlement payment of $18,000,000.
F2: These securities were held directly by ExxonMobil Renewables. Exxon Mobil Corp., as the sole member of ExxonMobil Renewables, had voting and investment discretion with respect to the Series C Preferred Stock, and had the power to control the exercisability of the warrants, and therefore may have been deemed to have beneficial ownership over such securities.
F3: The warrants were scheduled to expire on December 23, 2028, or if such day is not a business day, then the next preceding business day.
F4: The warrants were scheduled to become exercisable on the earlier of (i) the term extension date of a Product Off-Take Agreement previously entered into between the Issuer, ExxonMobil Renewables and EMOC or (ii) a change of control or sale of the Issuer, or the dissolution of the Issuer.