Danica Holley - 15 Jun 2022 Form 4 Insider Report for THERALINK TECHNOLOGIES, INC. (THER)

Role
Director
Signature
/s/ Danica Holley
Issuer symbol
THER
Transactions as of
15 Jun 2022
Transactions value $
$50,000
Form type
4
Filing time
22 Jun 2022, 17:16:24 UTC
Previous filing
01 Jun 2022
Next filing
26 Jan 2024
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 THER 8% Convertible Promissory Note Other $50,000 $50,000 15 Jun 2022 Common Stock 10,504,202 $0.0048 Direct F1, F2, F3
transaction THER Warrants (right to buy) Other $0 +2,100,840 $0 2,100,840 15 Jun 2022 Common Stock 2,100,840 $0.0048 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person purchased this promissory note from the corporation.
F2 The promissory note may be converted at the Reporting Person's election at any time following amendment to the corporation's articles of incorporation with the Secretary of State of the State of Nevada to increase the corporation's authorized stock to 100,000,000,000. This amendment to the corporation's articles of incorporation is expected to be filed on June 29, 2022. Additionally, the promissory note will automatically convert upon the listing or trading of common stock on a qualified national exchange.
F3 Excludes shares issuable at the election of the Reporting Person upon conversion of accrued interest (both past and future) into shares of common stock.
F4 Granted to the Reporting Person as warrant coverage in connection with the convertible promissory note reported on this Table II.