Terry Rafih - 06 Jun 2023 Form 4 Insider Report for Bright Green Corp (BGXX)

Signature
/s/ Terry Rafih
Issuer symbol
BGXX
Transactions as of
06 Jun 2023
Transactions value $
$0
Form type
4
Filing time
08 Jun 2023, 16:57:12 UTC
Previous filing
14 Feb 2023
Next filing
20 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BGXX Common Stock Gift -7,500,000 -25% 22,505,000 06 Jun 2023 Direct F1, F3
transaction BGXX Common Stock Gift -2,500,000 -11.1% 20,005,000 07 Jun 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction involved gifts of securities by the Reporting Person to his children. The Reporting Person disclaims beneficial ownership of the shares held by his children, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his children's shares for purposes of Section 16 or for any other purpose.
F2 This transaction involved a gift of securities by the Reporting Person to his child. The Reporting Person disclaims beneficial ownership of the shares held by his child, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his child's shares for purposes of Section 16 or for any other purpose.
F3 Includes 10,000,000 shares of common stock issued to the Reporting Person on December 12, 2022 following shareholder approval of the issuance which was obtained on December 12, 2022, in accordance with the Executive Employment Agreement entered into between the Reporting Person and the Issuer on September 22, 2022, effective as of September 1, 2022. As of the date hereof, 4,837,500 shares of the common stock are fully vested and non-forfeitable. The remaining 5,162,500 shares shall vest and become non-forfeitable on a quarterly basis such that all of the shares of common stock shall vest and become non-forfeitable on December 12, 2024, provided the Reporting Person remains in continuous service on behalf of the Issuer.