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

Role: 10%+ Owner
Signature: /s/ John E Herzog
Issuer symbol: OLB
Transactions as of: 11 Aug 2020
Transactions value $: -$74,343
Form type: 4
Filing time: 30 Aug 2021, 20:18:59 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	Sale	-$16,498	-3,333	-21.16%	$4.95^*	12,418	27 May 2021	By Herzog & Co., LLC	F1
transaction	OLB	Common Stock	Sale	-$41,811	-7,889	-63.53%	$5.3^*	4,529	28 May 2021	By Herzog & Co., LLC	F1
transaction	OLB	Common Stock	Sale	-$16,032	-4,529	-100%	$3.54^*	0	26 Aug 2021	By Herzog & Co., LLC	F1
holding	OLB	Common Stock						28,524	11 Aug 2020	By John E. Herzog Revocable Trust u/a 02/07/2014By John E. Herzog Revocable Trust u/a 02/07/2014	F2
holding	OLB	Common Stock						2,700	11 Aug 2020	Held in an Individual Retirement Account
holding	OLB	Common Stock						2,085,232	11 Aug 2020	Direct

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
holding	OLB	Series A Convertible Preferred Stock						3,612	11 Aug 2020	Common Stock	401,333	$9	Direct	F3
holding	OLB	Series A Warrants						802,875	11 Aug 2020	Common Stock	802,875	$9	Direct
holding	OLB	Series B Warrants						200,719	11 Aug 2020	Common Stock	200,719	$4.5	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares are held by Herzog & Co., LLC. The Reporting 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 herein, if any.
F2	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 a trustee of the John E. Herzog Revocable Trust U/A/D 02/07/2014.
F3	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.