Brian Knaley - 28 Jun 2021 Form 4 Insider Report for Surna Inc. (CEAD)

Role
CFO/Treasurer, Director
Signature
/s/ R. Brian Knaley
Issuer symbol
CEAD
Transactions as of
28 Jun 2021
Transactions value $
$0
Form type
4
Filing time
29 Jun 2021, 10:19:26 UTC
Next filing
02 Feb 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 CEAD Option to purchase common stock Award +250,000 250,000 28 Jun 2021 Common Stock 250,000 $0.061 Direct F1
transaction CEAD Option to purchase common stock Award +417,000 417,000 28 Jun 2021 Common Stock 417,000 $0.061 Direct F2
transaction CEAD Option to purchase common stock Award +665,000 665,000 28 Jun 2021 Common Stock 665,000 $0.061 Direct F3
transaction CEAD Option to purchase common stock Award +668,000 668,000 28 Jun 2021 Common Stock 668,000 $0.061 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of non-qualified stock options to purchase 250,000 shares of common stock at an exercise price of $0.061, the closing price of Issuer's common stock on June 25, 2021, which were vested and exercisable on the date of grant. These options were granted in connection with the Reporting Person's appointment as the Company's CEO and President. The grant of these options and the issuance of shares of common stock upon exercise are transactions exempt from Section 16(b) of the Exchange Act.
F2 Represents the grant of non-qualified stock options to purchase 250,000 shares of common stock at an exercise price of $0.061, the closing price of Issuer's common stock on June 25, 2021, which vest and become exercisable on June 30, 2022. These options were granted in connection with the Reporting Person's appointment as the Company's CEO and President. The grant of these options and the issuance of shares of common stock upon exercise are transactions exempt from Section 16(b) of the Exchange Act.
F3 Represents the grant of non-qualified stock options to purchase 250,000 shares of common stock at an exercise price of $0.061, the closing price of Issuer's common stock on June 25, 2021, which vest and become exercisable on June 30, 2023. These options were granted in connection with the Reporting Person's appointment as the Company's CEO and President. The grant of these options and the issuance of shares of common stock upon exercise are transactions exempt from Section 16(b) of the Exchange Act.
F4 Represents the grant of non-qualified stock options to purchase 250,000 shares of common stock at an exercise price of $0.061, the closing price of Issuer's common stock on June 25, 2021, which vest and become exercisable on June 30, 2024. These options were granted in connection with the Reporting Person's appointment as the Company's CEO and President. The grant of these options and the issuance of shares of common stock upon exercise are transactions exempt from Section 16(b) of the Exchange Act.