Form 4 for BGDE Big Digital Energy, Inc.
Accepted 2024-07-03 00:00:00 ET · period of report 2024-07-01 · accession 0001213900-24-059087 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-07-03 | 2024-07-01 | BGDE | MEWAWALLA RAHUL | CEO, Pres, Dir | F - Tax | $1.58 | -766.0K | 1.91M | -29% | -$1.21M |
| D | 2024-07-03 | 2024-07-01 | BGDE | MEWAWALLA RAHUL | CEO, Pres, Dir | M - OptEx | — | +1.80M | 2.67M | +206% | — |
| DM | 2024-07-03 | 2024-07-01 | BGDE | MEWAWALLA RAHUL | CEO, Pres, Dir | A - Grant | $0.00 | +6.43M | 2.88M | New | $0 |
| D | 2024-07-03 | 2024-07-01 | BGDE | MEWAWALLA RAHUL | CEO, Pres, Dir | M - OptEx | $0.00 | -1.80M | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-07-01 | F | D | 766,033 | $1.58 | 1,908,892 | D | — | — | |
| 2 | Common | Common Stock | 2024-07-01 | M | A | 1,801,153 | — | 2,674,925 | D | — | — | (F1) Each restricted stock unit is issued under and subject to the terms of the Mawson Infrastructure Group Inc 2024 Omnibus Equity Incentive Plan ("Plan"), and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination, at the discretion of the Administrator of the Plan. |
| 3 | Derivative | Stock Option | 2024-07-01 | A | A | 1,750,000 | $0.00 | 1,750,000 | D | $1.58 · — to 2034-07-01 | 1,750,000 Common Stock | (F6) The Stock Option vests in amounts when the Company's average stock price for ten days has reached or exceeded the corresponding price as follow: 500,000 Shares vest at price of $1.89, 400,000 Shares vest at price of $2.30, 300,000 Shares vest at $3.60, 200,000 Shares vest at price of $4.70, 100,000 Shares vest at price of $6.00, 100,000 Shares vest at price of $7.10, 100,000 Shares vest at price of $8.20, and 50,000 Shares vest at price of $9.40. Provided that if the corresponding price vesting condition is met prior to January 1, 2025, such portion of the option shall vest on January 1, 2025. In addition, if the Company undergoes or upon a change in control, all Options shall be fully and immediately accelerated. |
| 4 | Derivative | Restricted Stock Units | 2024-07-01 | A | A | 1,801,153 | $0.00 | 1,801,153 | D | — · — to 2034-07-01 | 1,801,153 Common Stock | (F1) Each restricted stock unit is issued under and subject to the terms of the Mawson Infrastructure Group Inc 2024 Omnibus Equity Incentive Plan ("Plan"), and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination, at the discretion of the Administrator of the Plan. (F2) The restricted stock units granted under this award vest on July 1, 2024. |
| 5 | Derivative | Restricted Stock Units | 2024-07-01 | M | D | 1,801,153 | $0.00 | 0 | D | — · — to — | 1,801,153 Common Stock | (F3) Restricted stock units convert into common stock on a one-for-one basis. (F4) On July 1, 2024, the reporting person was granted 1,801,153 restricted stock units and vesting and settling on the same date. |
| 6 | Derivative | Restricted Stock Units | 2024-07-01 | A | A | 2,881,845 | $0.00 | 2,881,845 | D | — · — to 2034-07-01 | 2,881,845 Common Stock | (F1) Each restricted stock unit is issued under and subject to the terms of the Mawson Infrastructure Group Inc 2024 Omnibus Equity Incentive Plan ("Plan"), and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination, at the discretion of the Administrator of the Plan. (F5) The restricted stock units granted under this award vest in four equal, annual installments on August 26, 2025, August 25, 2026, August 24, 2027 and August 23, 2028. Once vested, the RSUs are exercisable until expiration. |