Form 4 for NXPL NextPlat Corp
Accepted 2024-10-04 00:00:00 ET · period of report 2024-10-01 · accession 0001437749-24-030680 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2024-10-04 | 2024-10-01 | NXPL | Barreto Rodney | Dir | A - Grant | — | +594.5K | 1.82M | +49% | — |
| D | 2024-10-04 | 2024-10-01 | NXPL | Barreto Rodney | Dir | A - Grant | — | +44.0K | 424.4K | +12% | — |
| D | 2024-10-04 | 2024-10-01 | NXPL | Barreto Rodney | Dir | A - Grant | $0.00 | +186.9K | 186.9K | 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 | 2024-10-01 | A | A | 594,484 | — | 1,815,198 | I | — | — | (F1) On October 1, 2024, the Reporting Person received 638,522 shares of the Issuer's common stock in exchange for 429,547 shares of Progressive Care Inc. in connection with the merger of Progressive Care Inc. into the Issuer (the "Merger"). On the effective date of the Merger, the Issuer's Per Share Value was $1.48, which is the daily volume weighted average price of the Issuer's common stock for the 20-trading day period ended on the trading day immediately preceding the date of the Merger Agreement on Nasdaq. |
| 2 | Common | Common Stock | 2024-10-01 | A | A | 44,038 | — | 424,409 | D RLB Market Investments, LLC | — | — | (F1) On October 1, 2024, the Reporting Person received 638,522 shares of the Issuer's common stock in exchange for 429,547 shares of Progressive Care Inc. in connection with the merger of Progressive Care Inc. into the Issuer (the "Merger"). On the effective date of the Merger, the Issuer's Per Share Value was $1.48, which is the daily volume weighted average price of the Issuer's common stock for the 20-trading day period ended on the trading day immediately preceding the date of the Merger Agreement on Nasdaq. (F2) Mr. Barreto is the president of RLB Market Investments, LLC and has voting and dispotive power over the reported securities. |
| 3 | Derivative | Stock Option (right to buy) | 2024-10-01 | A | A | 186,946 | $0.00 | 186,946 | D | $1.48 · — to 2032-09-13 | 186,946 Common Stock | (F3) In connection with the Merger, the Reporting Person received stock options to acquire 186,946 shares of the Issuer's common stock in exchange for stock options to acquire 125,762 shares of Progressive Care Inc. The stock options are fully vested. |