Richard D. Russell - Apr 20, 2023 Form 4/A - Amendment Insider Report for LM FUNDING AMERICA, INC. (LMFA)

Role
Vice President of Operations
Signature
/s/ Richard D. Russell
Stock symbol
LMFA
Transactions as of
Apr 20, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
5/15/2023, 04:47 PM
Date Of Original Report
Apr 24, 2023
Previous filing
Apr 10, 2023
Next filing
May 30, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMFA Common Stock Award $0 +650K +2571.3% $0.00 675K Apr 20, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LMFA Stock Option (right to buy) Award $0 +1M $0.00 1M Apr 20, 2023 Common Stock 1M $0.75 Direct F2, F3
holding LMFA Stock Option (right to buy) 1.5K Apr 20, 2023 Common Stock 1.5K $50.00 Direct F4
holding LMFA Stock Option (right to buy) 500 Apr 20, 2023 Common Stock 500 $500.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of restricted stock granted to reporting person under the 2021 Omnibus Incentive Plan (the "Plan"). The shares of restricted stock shall vest monthly over a period of twelve (12) months.
F2 This amendment is filed to correct the exercise price of the stock option which was originally reported as $0.714. The correct exercise price is $0.751 as set forth in this amendment.
F3 Options were granted under the Plan. Options will vest as to one-half of the option shares on April 20, 2024, and as to one-half of the option shares on April 20, 2025 subject to acceleration of vesting upon a Change of Control (as defined in the Plan) or upon the Issuer attaining certain performance milestones.
F4 This option is presently exercisable in full.