John E. Herzog - 11 Aug 2020 Form 4 Insider Report for OLB GROUP, INC. (OLB)

Role
10%+ Owner
Signature
/s/ John Herzog
Issuer symbol
OLB
Transactions as of
11 Aug 2020
Transactions value $
-$30,939
Form type
4
Filing time
24 May 2021, 21:51:40 UTC
Next filing
03 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLB Common Stock Gift -100K -4.38% 2.19M 30 Apr 2021 Direct F1
transaction OLB Common Stock Gift -100K -4.58% 2.09M 30 Apr 2021 Direct F2
transaction OLB Common Stock Sale -$502 -100 -0.2% $5.02* 49.7K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$4.59K -900 -1.81% $5.10* 48.8K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$4.25K -850 -1.74% $5.00* 47.9K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$2.24K -450 -0.94% $4.98* 47.5K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$498 -100 -0.21% $4.98* 47.4K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$3.59K -725 -1.53% $4.95* 46.6K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$497 -100 -0.21% $4.97* 46.5K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$248 -50 -0.11% $4.96* 46.5K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$497 -100 -0.22% $4.97* 46.4K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$495 -100 -0.22% $4.95* 46.3K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$498 -100 -0.22% $4.98* 46.2K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$236 -48 -0.1% $4.92* 46.1K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$492 -100 -0.22% $4.92* 46K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$493 -100 -0.22% $4.93* 45.9K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$493 -100 -0.22% $4.93* 45.8K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$39 -8 -0.02% $4.93* 45.8K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$493 -100 -0.22% $4.93* 45.7K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$493 -100 -0.22% $4.93* 45.6K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$494 -100 -0.22% $4.94* 45.5K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$553 -112 -0.25% $4.94* 45.4K 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale -$9.25K -1.86K -4.09% $4.98* 43.6K 20 May 2021 By Herzog & Co., LLC F6
holding OLB Common Stock 28.5K 11 Aug 2020 By John E. Herzog Revocable Trust U/A 02/07/2014 F7
holding OLB Common Stock 2.7K 11 Aug 2020 Held through an Individual Retirement Account F5

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 OLB Series A Convertible Preferred Stock Award +3.61K 3.61K 11 Aug 2020 Common Stock 401K $9.00 Direct F3, F4
transaction OLB Series A Warrants Award +803K 803K 11 Aug 2020 Common Stock 803K $9.00 Direct F3
transaction OLB Series B Warrants Award +201K 201K 11 Aug 2020 Common Stock 201K $4.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Bona fide gift. No compensation was given to the donor for making this gift.
F2 Bona fide gift. No compensation was given to the donor for making this gift.
F3 The reporting person agreed to convert an aggregate of$3,612,940 in indebtedness owed to him by the registrant into shares of Series A Convertible Preferred Stoc , Series A Warrants and Series B Warrants.
F4 The Series A Preferred Stock are convertible into shares of Common Stock of the registrant, at the option of the reporting person, on or after the date on which certain of the registrant's long-term indebtedness is repaid in full and there is no further outstanding obligations regarding such indebtedness.
F5 Held through an individual retirement account.
F6 These shares are held by Herzog & Co., LLC. The Repo1ting Person has sole voting and dispositive power with regard to the shares held by Herzog & Co., LLC. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
F7 These shares are held by John E. Herzog, Trustee, John E. Herzog Revocable Trust U/A/D 02/07/2014. The Reporting Person serves as trustee of the John E. Herzog Revocable Trust U/A/D 02/07/2014.