Shanoop Kothari - Dec 20, 2022 Form 4 Insider Report for LUXURBAN HOTELS INC. (LUXH)

Role
Chief Financial Officer
Signature
Shanoop Kothari
Stock symbol
LUXH
Transactions as of
Dec 20, 2022
Transactions value $
$0
Form type
4
Date filed
12/20/2022, 06:00 PM
Previous filing
Aug 17, 2022
Next filing
May 17, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUXH Common Stock Award $0 +875K +147.85% $0.00 1.47M Dec 20, 2022 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 LUXH Employee Stock Options Other $0 -500K -100% $0.00* 0 Dec 20, 2022 Common Stock 500K $4.00 Direct F2
holding LUXH Warrants 62.5K Dec 20, 2022 Common Stock 62.5K $4.20 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This acquisition of 875,000 restricted shares is made pursuant to the Issuer's 2022 Long-Term Incentive Plan. These shares vest immediately, but up to 75% of such shares are subject to forfeiture in the event his employment is terminated by the issuer for Cause (as defined in the Restricted Stock Award Agreement) or by Mr., Kothari other than as a Good Reason Resignation (as defined in the Restricted Stock Award Agreement).
F2 Represents the cancellation of 500,000 options issued under the Issuer's 2022 Long-Term Incentive Plan. Mr. Kothari and the Issuer mutually agreed upon the cancellation of the options hereby disposed.