Patrick Smith - 23 Dec 2022 Form 4 Insider Report for OLB GROUP, INC. (OLB)

Role
Vice President
Signature
/s/ Patrick Smith
Issuer symbol
OLB
Transactions as of
23 Dec 2022
Net transactions value
+$258,500
Form type
4
Filing time
27 Dec 2022, 18:24:21 UTC
Previous filing
22 Dec 2022
Next filing
03 Mar 2023
SEC
View on sec.gov

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 Options to Purchase Common Stock Options Exercise $258,500 +275,000 +104% $0.9400 540,172 23 Dec 2022 Common Stock 275,000 $0.0100 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Right to buy pursuant to Company's Amended and Restated 2020 Stock Incentive Plan. 275,000 options vesting in three increments, 137,500 are vested as of the date of grant, 68,750 vest on January 1, 2023 and 68,750 vest on January 1, 2024.
F2 Reflects the closing price of the common stock on the Nasdaq Capital Markets on the date of grant.