NextPlat Corp — Director's Dealing 2021

Dec 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORBSAT CORP (OSAT)
CIK: 0001058307
Period of Report: 2021-12-16

Reporting Person: Fernandez Charles M. (Director, Chairman & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-16	Common Stock, par value $0.0001	A	101000	$0.00	Acquired	732940	Direct
2021-12-16	Common Stock, par value $0.0001	A	275000	$0.00	Acquired	1007940	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-16	Non-Qualified Stock Option (right to buy)	$3.81	A	75000	Disposed	2031-12-16	Common Stock (75000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.0001	0	Indirect

Footnotes

F1: Represents a fully vested restricted stock award that was effective 12/16/2021, the date the Issuer's stockholders approved the Orbsat Corp 2020 Equity Incentive Plan. The award was granted pursuant to the Orbsat Corp 2020 Equity Incentive Plan.

F2: Represents a restricted stock award that was effective 12/16/21 (the "Grant Date"), the date Issuer's stockholders approved the Orbsat Corp 2021 Incentive Award Plan. One half of the award, (137,500 shares), will be fully vested and issued on Grant Date and the remaining half (137,500 shares) will vest and be issued on the one year anniversary of the Grant Date. The award was granted pursuant to the Orbsat Corp 2021 Incentive Award Plan.

F3: On May 28, 2021, a restricted stock award for 600,000 shares of common stock was granted to eApeiron Partners LLC, of which Mr. Fernandez is owner and manager. The shares vest in three equal installments annually, commencing on May 27, 2022.

F4: The grant of these options was effective 12/16/2021 (the "Grant Date"), the date Issuer's stockholders approved the Orbsat Corp 2021 Incentive Award Plan. The award was granted pursuant to the Orbsat Corp 2021 Incentive Award Plan. One half of the award will be fully vested on Grant Date and the remaining half will vest on the one year anniversary of the Grant Date.