Form 4 for IPDN Professional Diversity Network, Inc.
Accepted 2023-07-31 00:00:00 ET · period of report 2023-07-19 · accession 0001493152-23-026010 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-07-31 | 2023-07-19 | IPDN | He Xin | CEO | A - Grant | $0.00 | +53.3K | 200.9K | +36% | $0 |
| D | 2023-07-31 | 2023-07-19 | IPDN | He Xin | CEO | A - Grant | $0.00 | +80.0K | 95.0K | +533% | $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 | 2023-07-19 | A | A | 40,000 | $0.00 | 240,938 | D | — | — | (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 in accordance with the following schedule: (i) 40,000 shares underlying the Restricted Stock Units were vested on July 19, 2023, (ii) 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2024, and (iii) 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2025. |
| 2 | Common | Common Stock | 2023-07-19 | A | A | 13,289 | $0.00 | 200,938 | D | — | — | (F4) Mr. He received 13,289 shares as bonus compensation on July 19, 2023. |
| 3 | Derivative | Restricted Stock Units | 2023-07-19 | A | A | 80,000 | $0.00 | 95,000 | D | $0.00 · — to — | 80,000 Common Stock | (F1) Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F3) Includes an option to acquire 15,000 shares of the Issuer's Common Stock that was issued to Mr. He prior to the reported transactions. (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 in accordance with the following schedule: (i) 40,000 shares underlying the Restricted Stock Units were vested on July 19, 2023, (ii) 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2024, and (iii) 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2025. |