Bruce A. Cassidy Sr. - 25 Apr 2022 Form 4 Insider Report for Loop Media, Inc. (LPTV)

Role
Director, 10%+ Owner
Signature
/s/ Joanne Lytle, Attorney-in Fact
Issuer symbol
LPTV
Transactions as of
25 Apr 2022
Transactions value $
$0
Form type
4
Filing time
27 Apr 2022, 18:59:56
Previous filing
13 Apr 2022
Next filing
03 Jun 2022
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 LPTV Warrant (right to buy) Other +1.15M 1.15M 25 Apr 2022 Common Stock 1.15M $1.75 By Excel Family Partners LLLP F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2 The warrant was acquired in connection with a note issued to the Issuer in favor of Excel Family Partners LLLP as coverage for fifty percent (50%) of the principal thereunder. The aggregate principal of the note is $4,022,986. The warrant is immediately exercisable and expires on April 25, 2025.
F3 Pursuant to Rule 16b-6(c)(2), there was no disgorgeable profit as a result of the transaction reported herein.