Form 4 for BESS Bimergen Energy Corp
Accepted 2022-07-06 00:00:00 ET · period of report 2022-06-27 · accession 0001493152-22-018744 · 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 | 2022-07-06 | 2022-06-27 | BESS | BRILON ROBERT J | CFO, Dir | C - Cnv Deriv | — | +1.29M | 5.92M | +28% | — |
| D | 2022-07-06 | 2022-06-27 | BESS | BRILON ROBERT J | CFO, Dir | C - Cnv Deriv | $0.00 | -23.9K | 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, par value $0.001 | 2022-06-27 | C | A | 1,287,694 | — | 5,923,414 | D | — | — | (F1) Each share of Series A Convertible Preferred Stock (the "Series A Preferred Stock") automatically converted into 53.97561 shares of Issuer's common stock for no additional consideration upon the Issuer's filing a certificate of amendment to the certificate of incorporation authorizing a sufficient number of shares of common stock to permit a full conversion of all issued and outstanding Series A Preferred Stock. The Series A Preferred Stock has no expiration date. (F2) Includes 4,635,720 shares subject to vesting and 1,287,694 issued upon conversion of Series A Preferred Stock. Vesting is 25% on April 13, 2023, 25% on April 13, 2024, 25% on April 13, 2025 and 25% on April 13, 2026 only if the Reporting Person is still providing services to the Issuer at the time of vesting. |
| 2 | Derivative | Series A Convertible Preferred Stock | 2022-06-27 | C | D | 23,857 | $0.00 | 0 | D | — · — to — | 1,287,694 Common Stock | (F1) Each share of Series A Convertible Preferred Stock (the "Series A Preferred Stock") automatically converted into 53.97561 shares of Issuer's common stock for no additional consideration upon the Issuer's filing a certificate of amendment to the certificate of incorporation authorizing a sufficient number of shares of common stock to permit a full conversion of all issued and outstanding Series A Preferred Stock. The Series A Preferred Stock has no expiration date. |