4//SEC Filing
Absher Scott W 4
Accession 0001104659-22-091741
CIK 0001675634other
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 4:03 PM ET
Size
6.9 KB
Accession
0001104659-22-091741
Insider Transaction Report
Form 4
ShiftPixy, Inc.PIXY
Absher Scott W
DirectorChief Executive Officer10% Owner
Transactions
- Other
Option for Shares of Preferred Class A Stock
2022-08-12$820793.24/sh+1$820,793→ 2 total→ Preferred Class A Stock par value $0.0001 per share (4,100,000 underlying)
Footnotes (7)
- [F1]There is no conversion or exercise price applicable to the acquisition of this option; however, the purchase price for the option is reported in column 8. The exercise price of the underlying derivative securities, upon exercise of the option, is the par value of $0.0001 per share.
- [F2]The Reporting Person and the Issuer entered into an instrument whereby the Reporting Person waived claims to certain unpaid compensation due to him from the Issuer through July 31, 2022, in the amount of $820,793.24, in exchange for the Issuer's issuance to the Reporting Person of an option to receive 4,100,000 shares of the Company's Preferred Class A Stock.
- [F3]A single option was given to acquire 4,100,000 shares of the Company's Preferred Class A Stock.
- [F4]The option granted through the instrument is exercisable at any time.
- [F5]The option granted through the instrument has no expiration date.
- [F6]The price paid for the option was the waiver of claims by the Reporting Person to certain unpaid compensation due to him from the Issuer through July 31, 2022, in the amount of $820,793.24.
- [F7]The Reporting Person has (a) 1 option to acquire 4,100,000 shares of the Company's Preferred Class A Stock, and (b) 1 previously issued option, yet unexercised, to acquire 4,500,000 shares of the Company's Preferred Class A Stock; thus, collectively the Reporting Person has 2 options to acquire a total of up to 8,600,000 shares of the Company's Preferred Class A Stock.
Documents
Issuer
ShiftPixy, Inc.
CIK 0001675634
Entity typeother
Related Parties
1- filerCIK 0001289144
Filing Metadata
- Form type
- 4
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 4:03 PM ET
- Size
- 6.9 KB