Michael Malone - 06 Jan 2022 Form 4 Insider Report for SRAX, Inc. (SRAX)

Role
Chief Financial Officer
Signature
/s/ Michael Malone
Issuer symbol
SRAX
Transactions as of
06 Jan 2022
Transactions value $
-$75,129
Form type
4
Filing time
04 Feb 2022, 19:43:24 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRAX Class A Common Stock Options Exercise $256K +100K +7739.94% $2.56* 101K 31 Dec 2021 Direct F1
transaction SRAX Class A Common Stock Tax liability -$256K -57K -56.29% $4.49* 44.3K 31 Dec 2021 Direct F2, F4
transaction SRAX Class A Common Stock Tax liability -$75.1K -16.7K -37.79% $4.49* 27.5K 31 Dec 2021 Direct F3, F4
transaction SRAX Series A Non-Voting Preferred Stock Other $0 +1.29K $0.00 1.29K 27 Sep 2021 Direct F5

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 SRAX Class A Common Stock Purchase Option Award $0 +100K $0.00 100K 06 Jan 2022 Class A Common Stock 100K $4.25 Direct F6
transaction SRAX Class A Common Stock Purchase Option Options Exercise $0 -100K -100% $0.00* 0 15 Dec 2018 Class A common Stock 100K $2.56 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents exercise of option granted on December 15, 2018 ("2018 Option"). The 2018 Option was exercised on a cashless basis with shares withheld by the Issuer for tax withholding.
F2 Represents shares withheld pursuant to cashless exercise of the 2018 Option.
F3 Represents shares withheld for tax withholding pursuant to exercise of 2018 Option.
F4 Includes 1,292 shares of Class A Common Stock owned by Reporting Person prior to the exercise of the 2018 Option.
F5 Represents securities acquired as a result of a dividend on the Class A Common Stock issued on September 27, 2021.
F6 Represents discretionary stock option bonus grant received by Reporting Person. The options vest quarterly in equal quarterly installments over a three year period beginning on 1/6/2022.
F7 Represents exercise of the 2018 Option.