Form 4 for IPDN Professional Diversity Network, Inc.
Accepted 2024-07-05 00:00:00 ET · period of report 2024-07-01 · accession 0001437749-24-022254 · 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 | 2024-07-05 | 2024-07-01 | IPDN | He Xin | CEO, 10% | A - Grant | $0.00 | +40.0K | 280.9K | +17% | $0 |
| DI | 2024-07-05 | 2024-07-01 | IPDN | He Xin | CEO, 10% | A - Grant | $0.5 | +1.00M | 1.28M | +356% | +$500.0K |
| D | 2024-07-05 | 2023-07-19 | IPDN | He Xin | CEO, 10% | A - Grant | $0.00 | +40.0K | 40.0K | New | $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 | A | A | 40,000 | $0.00 | 280,938 | D See footnote | — | — | (F2) On July 18, 2023, the Company granted an award of 120,000 shares of Restricted Stock Units to Mr. He in connection with the execution of an employment agreement between the Company and Mr. He. The Restricted Stock Units issued to the Executive will vest one third (1/3) annually. The last 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2025. (F3) On June 28, 2024, the Company entered into a stock purchase agreement of 1,000,000 shares of the Company's common stock at a unit price of $0.495 with Eighty-eight Investment LLC, wholly owned and controlled by Mr. He. The Agreement resulted in aggregate proceeds of $495,000. |
| 2 | Common | Common Stock | 2024-07-01 | A | A | 1,000,000 | $0.5 | 1,280,938 | I | — | — | (F3) On June 28, 2024, the Company entered into a stock purchase agreement of 1,000,000 shares of the Company's common stock at a unit price of $0.495 with Eighty-eight Investment LLC, wholly owned and controlled by Mr. He. The Agreement resulted in aggregate proceeds of $495,000. |
| 3 | Derivative | Restricted Stock Units | 2023-07-19 | A | A | 40,000 | $0.00 | 40,000 | D | $0.00 · — to — | 40,000 Common Stock | (F1) Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F2) On July 18, 2023, the Company granted an award of 120,000 shares of Restricted Stock Units to Mr. He in connection with the execution of an employment agreement between the Company and Mr. He. The Restricted Stock Units issued to the Executive will vest one third (1/3) annually. The last 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2025. |