Robert P. McDermott - 20 Oct 2023 Form 4 Insider Report for iCoreConnect Inc. (ICCT)

Signature
/s/ Robert P. McDermott
Issuer symbol
ICCT
Transactions as of
20 Oct 2023
Transactions value $
$172,882
Form type
4
Filing time
06 Dec 2024, 17:00:15 UTC
Previous filing
02 Oct 2023
Next filing
03 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICCT Common Stock Award $20,001 +16,130 +1.9% $1.24 856,337 23 Jan 2024 Direct
transaction ICCT Common Stock Award $20,003 +5,026 +0.59% $3.98 861,363 23 Jan 2024 Direct
transaction ICCT Common Stock Award $20,000 +16,394 +1.9% $1.22 877,757 29 Mar 2024 Direct
transaction ICCT Common Stock Award $20,000 +21,552 +2.5% $0.928 899,309 30 Jun 2024 Direct
transaction ICCT Common Stock Award $23,454 +36,648 +4.1% $0.64 935,957 31 Jul 2024 See footnote F7
transaction ICCT Common Stock Award $20,000 +57,143 +6.1% $0.35 993,100 30 Sep 2024 Direct
transaction ICCT Common Stock Purchase $42,621 +236,785 +24% $0.18 1,229,885 25 Nov 2024 Direct
transaction ICCT Common Stock Purchase $6,800 +40,000 +3.3% $0.17 1,269,885 26 Nov 2024 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 ICCT Common Stock Warrant Award $0 +39,000 $0 39,000 01 Jan 2024 Common Stock 39,000 $1.36 See footnote F1, F8
transaction ICCT Stock Option Award $0 +452,414 $0 452,414 20 Oct 2023 Common Stock 452,414 $3.71 Direct F2
transaction ICCT Stock Option Award $0 +570,754 $0 570,754 31 May 2024 Common Stock 570,754 $1.46 Direct F3
transaction ICCT Stock Option Award $0 +1,817,742 $0 1,817,742 31 May 2024 Common Stock 1,817,742 $3.1 Direct F4
transaction ICCT Series A Preferred Stock Award $0 +1,701 +12% $0 16,374 25 Aug 2024 Common Stock 8,505 Direct F5, F6
transaction ICCT Common Stock Warrant Award $0 +86,435 +222% $0 125,435 31 Aug 2024 Common Stock 86,435 $0.5325 See footnote F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The common stock warrant is fully vested and exercisable.
F2 The stock option vests and becomes fully exercisable on December 16, 2024.
F3 The stock option vests and becomes exercisable annually, in equal installments, over a 3 year period.
F4 The stock option is fully vested and exercisable.
F5 Each share of Series A Preferred Stock is convertible, at the option of the holder thereof, at any time, and without the payment of additional consideration by the holder thereof, into shares of Common Stock.
F6 Each share of Series A Preferred Stock is convertible into shares of Common Stock as is determined by dividing the Original Issue Price of $10.00 by the Conversion Price in effect at the time of conversion. The amount set forth in the table is based on an assumed Conversion Price of $10.00 per share, which is the current Conversion Price. The Conversion Price will be reset to the lesser of $10.00 or 20% above the simple average of the volume weighted average price on the 20 trading days following 12 months after August 25, 2023; provided further that such Conversion Price shall be no greater than $10.00 and no less than $2.00 (such amounts subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization).
F7 Common stock owned by entity 100% controlled by shareholder.
F8 Common stock warrant owned by entity 100% controller by shareholder.