Ian K. Patel - 11 Mar 2022 Form 4 Insider Report for CEA Industries Inc. (CEAD)

Role
CFO, Treasurer & Secretary
Signature
/s/ Ian K. Patel
Issuer symbol
CEAD
Transactions as of
11 Mar 2022
Net transactions value
$0
Form type
4
Filing time
17 Mar 2022, 08:25:34 UTC
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 +2,000 2,000 11 Mar 2022 Common Stock 2,000 $2.20 Direct F1
transaction CEAD Option to purchase common stock Award +3,000 3,000 11 Mar 2022 Common Stock 3,000 $2.20 Direct F2
transaction CEAD Option to purchase common stock Award +5,000 5,000 11 Mar 2022 Common Stock 5,000 $2.20 Direct F3
transaction CEAD Option to purchase common stock Award +5,000 5,000 11 Mar 2022 Common Stock 5,000 $2.20 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 2,000 shares of common stock at an exercise price of $2.20, the closing price of the Issuer's common stock on March 10, 2022, 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 CFO, Treasurer and Secretary. 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 3,000 shares of common stock at an exercise price of $2.20, the closing price of the Issuer's common stock on March 10, 2022, which were vest and become exercisable on March 11, 2023. These options were granted in connection with the Reporting Person's appointment as the Company's CFO, Treasurer and Secretary. 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 5,000 shares of common stock at an exercise price of $2.20, the closing price of the Issuer's common stock on March 10, 2022, which were vest and become exercisable on March 11, 2024. These options were granted in connection with the Reporting Person's appointment as the Company's CFO, Treasurer and Secretary. 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 5,000 shares of common stock at an exercise price of $2.20, the closing price of the Issuer's common stock on March 10, 2022, which were vest and become exercisable on March 11, 2025. These options were granted in connection with the Reporting Person's appointment as the Company's CFO, Treasurer and Secretary. 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.