4//SEC Filing
El-Batrawi Ramy 4
Accession 0001493152-21-005447
CIK 0001691077other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 9:21 AM ET
Size
12.2 KB
Accession
0001493152-21-005447
Insider Transaction Report
Form 4
EVmo, Inc.YAYO
El-Batrawi Ramy
DirectorChief Executive Officer
Transactions
- Sale
Common Stock
2021-02-26$0.83/sh−6,000,000$4,999,800→ 2,297,195 total(indirect: See footnote) - Conversion
Common Stock
2021-03-01$0.21/sh+960,550$206,518→ 3,257,745 total(indirect: See footnote) - Gift
Common Stock
2021-03-02−100,000→ 3,157,745 total(indirect: See footnote) - Conversion
Incentive Stock Option
2021-03-02$0.21/sh−1,000,000$215,000→ 0 totalExercise: $0.21Exp: 2025-07-08→ Common Stock (1,000,000 underlying)
Footnotes (4)
- [F1]Shares of common stock were acquired by the Reporting Person pursuant to the exercise of incentive stock options granted to the Reporting Person on July 8, 2020.
- [F2]The shares of common stock were acquired pursuant to a cashless exercise of 1,000,000 incentive stock options granted to the Reporting Person on July 8, 2020. The incentive stock options were exercised at a price of $0.2150 per the terms of the option grant, for a total valuation of $215,000. As of 2/19/2021, the trading day prior to the date the Reporting Person requested the exercise, the closing price per share of common stock was $5.45. Accordingly, the cashless exercise resulted in 39,450 common shares used as consideration to acquire a net 960,550 common shares.
- [F3]Shares of common stock beneficially owned by the Reporting Person are held of record by X, LLC, which is an entity that is wholly-owned and controlled by the Reporting Person. The Reporting Person has voting and dispositive control over any securities owned of record by X, LLC.
- [F4]The Incentive Stock Options were originally granted to the Reporting Person on July 8, 2020 with 500,000 options vesting immediately, thereafter the remaining 500,000 options would vest quarterly over 2 years. In connection with the Reporting Person's resignation as Chief Executive Officer of the Issuer, the board of directors agreed to accelerate the vesting of all options so that such options fully vested effective upon his resignation.
Documents
Issuer
EVmo, Inc.
CIK 0001691077
Entity typeother
Related Parties
1- filerCIK 0001088240
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 9:21 AM ET
- Size
- 12.2 KB