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NextPlat Corp — Director's Dealing 2024
Oct 3, 2024
34945_dirs_2024-10-03_580593c2-1255-4db4-8883-4c5f79bb6dff.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NextPlat Corp (NXPL)
CIK: 0001058307
Period of Report: 2024-10-01
Reporting Person: Munnik Cecile (CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-10-01 | Common Stock | A | 7433 | — | Acquired | 12433 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-10-01 | Employee Stock Option (right to buy) | $3.90 | A | 37163 | Acquired | 2031-11-22 | Common Stock (37163) | Direct |
Footnotes
F1: On October 1, 2024, the Reporting Person received 7,433 shares of the Issuer's common stock in exchange for 5,000 shares of Progressive Care Inc. in connection with the merger of Progressive Care Inc. into the Issuer (the "Merger"). On the effective date of the Merger, the Issuer's Per Share Value was $1.48, which is the daily volume weighted average price of the Issuer's common stock for the 20-trading day period ended on the trading day immediately preceding the date of the Merger Agreement on Nasdaq.
F2: In connection with the Merger, the Report Person received stock options to acquire 37,163 shares of the Issuer's common stock in exchange for stock options to acquire 25,000 shares of Progressive Care Inc. The options are fully vested.
F3: Represents 75,496 stock options that are fully vested.