NextPlat Corp — Director's Dealing 2021

Sep 24, 2021

SEC Form 4/A — Form 4/A

Issuer: ORBSAT CORP (OSAT)
CIK: 0001058307
Period of Report: 2020-08-21

Reporting Person: CARLISE THERESA (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-21	Common Stock, par value $0.0001	A	1000	$0.00	Acquired	1000	Direct
2021-09-23	Common Stock, par value $0.0001	M	14200	$1.00	Acquired	15200	Direct
2021-09-23	Common Stock, par value $0.0001	F	2763	$5.14	Disposed	12437	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-21	Non-Qualified Stock Option (right to buy)	$1.00	A	14200	Acquired	2030-08-20	Common Stock (14200)	Direct
2021-09-23	Non-Qualified Stock Option (right to buy)	$1.00	M	14200	Disposed	2030-08-20	Common Stock (14200)	Direct

Footnotes

F1: This Form 4 Amendment is being submitted to correct the disclosure regarding the options granted on 8/21/2020. On May 28, 2021, the Issuer effected a 1-for-5 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.

F2: Represents restricted stock awarded by the Board of Directors on 8/21/2020 and granted pursuant to the Company's 2020 Equity Incentive Plan.

F3: On September 23, 2021, the reporting person exercised options to purchase 14,200 shares at $1.00 per share. The Reporting Person paid the exercise price on a cashless basis (a "net exercise"), resulting in the Issuer withholding 2,763 of the option shares to pay the exercise price and issuing to the Reporting Persons the remaining 11,437 shares.

F4: The grant of these options was approved by the Registrants Board of Directors on 8/21/2020 and subject to the Company's 2020 Equity Incentive Plan. All options vested immediately upon grant date.