OLB GROUP, INC. — Director's Dealing 2022

Feb 4, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLB GROUP, INC. (OLB)
CIK: 0001314196
Period of Report: 2022-01-03

Reporting Person: Herzog John E (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-03	Common Stock	A	290050	—	Acquired	2313011	Direct
2022-01-05	Common Stock	S	75000	—	Disposed	2238011	Direct
2022-02-02	Common Stock	S	50000	$2.3043	Disposed	2188011	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28524	Indirect
Common Stock	2700	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Convertible Preferred Stock	$9		Common Stock (401333)	3612	Direct
Series A Warrants	$9	2025-08-11	Common Stock (802875)	802875	Direct
Series B Warrants	$4.5	2025-08-11	Common Stock (200719)	200719	Direct

Footnotes

F1: Shares issued pursuant to the closing of a Stock Exchange Agreement dated January 3, 2022 (the "Agreement") between the Reporting Person and the Issuer. The value of the Shares was, for purposes of the Agreement, based on the closing trading price of the Company on October 1, 2021 (the date on which a third-party fairness opinion was issued), which was $4.02 per share.

F2: 75,000 shares were sold for a total sale price of $1.00.

F3: These shares are held by John E Herzog, Trustee, John E. Herzog Revocable Trust U/A/D 02/07/2014. The Reporting Person serves as a trustee of the John E. Herzog Revocable Trust U/A/D 02/07/2014.

F4: The Series A Preferred Stock are convertible into shares of Common Stock of the registrant, at the option of the reporting person, on or after the date on which certain of the registrant's long term indebtedness is repaid in full and there is no further outstanding obligations regarding such indebtedness.