David Phipps - 05 Jan 2022 Form 4 Insider Report for ORBSAT CORP (NXPL)

Role: President/ CEO of Global Ops, Director
Signature: /s/ David Phipps
Issuer symbol: NXPL
Transactions as of: 05 Jan 2022
Net transactions value: +$150,002
Form type: 4
Filing time: 06 Jan 2022, 14:14:38 UTC
Previous filing: 20 Dec 2021
Next filing: 20 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXPLW	Common Stock, par value $0.0001	Purchase	$150,002	+46,297	+13%	$3.24	393,288	05 Jan 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents 46,297 shares of the Issuer's common stock acquired by the Reporting Person from the Issuer in a private placement transaction that closed on January 5, 2022, pursuant to a Securities Purchase Agreement dated December 31, 2021. The purchase price for the acquired shares was $3.24 per share, which is the closing transaction price of the Issuer's common stock reported by Nasdaq on December 31, 2021.

Content

Represents 46,297 shares of the Issuer's common stock acquired by the Reporting Person from the Issuer in a private placement transaction that closed on January 5, 2022, pursuant to a Securities Purchase Agreement dated December 31, 2021. The purchase price for the acquired shares was $3.24 per share, which is the closing transaction price of the Issuer's common stock reported by Nasdaq on December 31, 2021.