Richard Palmer - 26 Jul 2023 Form 4 Insider Report for Global Clean Energy Holdings, Inc. (GCEH)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Richard Palmer
Issuer symbol: GCEH
Transactions as of: 26 Jul 2023
Transactions value $: $167,677
Form type: 4
Filing time: 27 Jul 2023, 17:15:06 UTC
Previous filing: 26 Jun 2023
Next filing: 19 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GCEH	Common Stock	Conversion of derivative security	$1.17M	+7.58M	+163.04%	$0.15^*	12.2M	26 Jul 2023	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
transaction	GCEH	5% Convertible Note due February 23, 2024	Conversion of derivative security	-$1M				0	26 Jul 2023	Common Stock	7.62M	$0.15	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The maturity date of the Note is the later of February 23, 2024 or the date that the Series C Preferred Shares of the issuer have been redeemed in full pursuant to the Certificate of Designations of Series C Preferred Stock.
F2	By its terms the maximum number of shares into which the Note could be converted is 7,616,305.