Robert J. Brilon - Jun 27, 2022 Form 4 Insider Report for Bitech Technologies Corp (BTTC)

Role
CHIEF FINANCIAL OFFICER, Director
Signature
/s/ Robert J. Brilon
Stock symbol
BTTC
Transactions as of
Jun 27, 2022
Transactions value $
$0
Form type
4
Date filed
7/6/2022, 09:46 PM
Previous filing
Jun 15, 2022
Next filing
Oct 4, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTTC Common Stock, par value $0.001 Conversion of derivative security +1.29M +27.78% 5.92M Jun 27, 2022 Direct F1, F2

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 BTTC Series A Convertible Preferred Stock Conversion of derivative security $0 -23.9K -100% $0.00* 0 Jun 27, 2022 Common Stock 1.29M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Convertible Preferred Stock (the "Series A Preferred Stock") automatically converted into 53.97561 shares of Issuer's common stock for no additional consideration upon the Issuer's filing a certificate of amendment to the certificate of incorporation authorizing a sufficient number of shares of common stock to permit a full conversion of all issued and outstanding Series A Preferred Stock. The Series A Preferred Stock has no expiration date.
F2 Includes 4,635,720 shares subject to vesting and 1,287,694 issued upon conversion of Series A Preferred Stock. Vesting is 25% on April 13, 2023, 25% on April 13, 2024, 25% on April 13, 2025 and 25% on April 13, 2026 only if the Reporting Person is still providing services to the Issuer at the time of vesting.