4//SEC Filing
Choe Zia 4
Accession 0001683168-24-001207
CIK 0000811222other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 2:14 PM ET
Size
6.5 KB
Accession
0001683168-24-001207
Insider Transaction Report
Form 4
Choe Zia
Chief Accounting Officer
Transactions
- Other
Series B Preferred Stock
2023-05-30+3,150→ 3,150 totalFrom: 2023-05-30→ Common Stock
Footnotes (1)
- [F1]On May 30, 2023, the Reporting Person received 3,150 shares of Series B Preferred Stock as partial compensation for the Reporting Person's services as Interim Chief Financial Officer of the Issuer. Each share of Series B Preferred Stock is convertible into such number of shares of Common Stock as is determined as follows: (i) if the closing market price of the Common Stock on the principal trading market on which the Common Stock is then traded or quoted is less than $4.00 per share, then each share of Series B Preferred Stock shall be convertible into a number of shares of Common Stock equal to two (2) times the stated value ($4.00 per share), divided by such closing market price on the date of conversion; or (ii) if such closing market price is equal to or greater than $4.00 per share, then each share of Series B Preferred Stock shall be convertible into two (2) shares of Common Stock. The Series B Preferred Stock has no expiration date.
Documents
Issuer
Cardiff Lexington Corp
CIK 0000811222
Entity typeother
Related Parties
1- filerCIK 0002013089
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 2:14 PM ET
- Size
- 6.5 KB