RONNY YAKOV - 03 Jan 2022 Form 4 Insider Report for OLB GROUP, INC. (OLB)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Ronny Yakov
Issuer symbol
OLB
Transactions as of
03 Jan 2022
Transactions value $
$0
Form type
4
Filing time
05 Jan 2022, 19:38:03 UTC
Next filing
21 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLB Common Stock Award +1,028,358 +30% 4,506,391 03 Jan 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares issued pursuant to the closing of a Stock Exchange Agreement dated January 3, 2022 (the "Agreement") between the Reporting Person and the Issuer. The value of the Shares was, for purposes of the Agreement, based on the closing trading price of the Company on October 1, 2021 (the date on which a third-party fairness opinion was issued), which was $4.02 per share.