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OLB GROUP, INC. — Director's Dealing 2021
Jan 15, 2021
35173_dirs_2021-01-15_d3d22440-61a9-4152-a08c-c0fa7dcf852e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OLB GROUP, INC. (OLB)
CIK: 0001314196
Period of Report: 2018-05-09
Reporting Person: YAKOV RONNY (Director, CEO and Chairman of the Board)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-09 | Common Stock | A | 2275000 | — | Acquired | 2307036 | Direct |
| 2018-08-21 | Common Stock | A | 117663 | — | Acquired | 2424699 | Direct |
| 2019-06-20 | Common Stock | A | 1430000 | — | Acquired | 3854699 | Direct |
| 2019-06-20 | Common Stock | G | 8334 | — | Disposed | 3846365 | Direct |
| 2019-06-20 | Common Stock | G | 16667 | — | Disposed | 3829698 | Direct |
| 2019-06-20 | Common Stock | G | 41667 | — | Disposed | 3788031 | Direct |
| 2019-06-20 | Common Stock | G | 16667 | — | Disposed | 3771364 | Direct |
| 2019-06-20 | Common Stock | G | 133334 | — | Disposed | 3638030 | Direct |
| 2019-06-20 | Common Stock | G | 133334 | — | Disposed | 3504696 | Direct |
| 2019-06-20 | Common Stock | G | 26667 | — | Disposed | 3478029 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-01-01 | Stock Option | $0.03 | A | 6667 | Acquired | Common Stock (6667) | Direct | |
| 2020-01-01 | Stock Option | $0.03 | A | 6667 | Acquired | Common Stock (6667) | Direct | |
| 2020-08-11 | Series A Convertible Preferred Stock | $9.00 | A | 1022 | Acquired | Common Stock (113501) | Direct | |
| 2020-08-11 | Series A Warrants | $9.00 | A | 227003 | Acquired | 2025-08-11 | Common Stock (227003) | Direct |
| 2020-08-11 | Series B Warrants | $4.50 | A | 56751 | Acquired | 2025-08-11 | Common Stock (56751) | Direct |
Footnotes
F1: The reporting person acquired the shares in connection with the registrant's entry into separate share exchange agreements with Crowdpay.US, Inc. and OMNISOFT, Inc. for which the reporting person was a shareholder.
F2: The shares were acquired upon conversion of certain accrued but unpaid compensation.
F3: The reporting person acquired the shares in connection with the registrant's entry into separate share exchange agreements with Crowdpay.US, Inc. and OMNISOFT, Inc. for which the reporting person was a shareholder.
F4: The options were granted pursuant to the terms of the reporting person's employment agreement. The options vest and become exercisable in three (3) equal annual installments beginning on the one year anniversary of the grant date and expire as to each vested installment three (3) years after such installment became exercisable.
F5: The reporting person agreed to convert an aggregate of $1,021,512 in indebtedness owed to him by the registrant into shares of Series A Convertible Preferred Stock, Series A Warrants and Series B Warrants.
F6: The Series A Preferred Stock are convertible, at the option of the reporting person, on or after the date on which the registrant's currently outstanding long-term indebtedness is repaid in full and there is no further outstanding obligations regarding such indebtedness.