Wei Xu - Jun 21, 2022 Form 4 Insider Report for GD Culture Group Ltd (GDC)

Role
10%+ Owner
Signature
/s/ Wei Xu
Stock symbol
GDC
Transactions as of
Jun 21, 2022
Transactions value $
$0
Form type
4
Date filed
3/16/2023, 04:34 PM
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDC Common Stock Award +256K +194.91% 387K Jun 21, 2022 Direct F1, F2
transaction GDC Common Stock Disposed to Issuer -93.3K -24.1% 294K Mar 9, 2023 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 After giving effect to the one-to-thirty reverse stock split which became effective on November 9, 2022.
F2 Issued as consideration for entering into certain contractual agreements with Makesi IoT Technology (Shanghai) Co., Ltd., an indirect subsidiary of the issuer.
F3 Cancelled as consideration for terminating certain agreements by and among Makesi IoT Technology (Shanghai) Co., Ltd., Sichuan Wuge Network Games Co., Ltd. and shareholders of Sichuan Wuge Network Games Co., Ltd.