Andrew Norstrud - Apr 17, 2025 Form 4 Insider Report for UPEXI, INC. (UPXI)

Signature
/s/ Andrew Norstrud
Stock symbol
UPXI
Transactions as of
Apr 17, 2025
Transactions value $
$100,001
Form type
4
Date filed
4/25/2025, 04:01 PM
Previous filing
Dec 28, 2021
Next filing
Jul 24, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPXI Common Stock Purchase $100K +43.9K +287.08% $2.28 59.1K Apr 17, 2025 Direct F1
transaction UPXI Common Stock Award $0 +100K +169.1% $0.00 159K Apr 17, 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The Reporting Person purchased these shares in a PIPE offering conducted by the Issuer. The shares are restricted securities subject to transfer restrictions under Rule 144 of the Securities Act until such time that they are registered pursuant to a registration statement or become eligible for resale otherwise.
F2 This award of the Shares is being made pursuant to the Issuer's Restricted Stock Award Agreement, subject to the following vesting schedule: 10,000 Shares vest per month over a period of 10 months commencing April 17, 2025. A portion of all of this award may be forfeited in the event of termination of employment.