Justis Kao - 11 Dec 2023 Form 3 Insider Report for Loop Media, Inc. (LPTV)

Role
Chief Content Officer
Signature
/s/ Joanne Lytle, Attorney-in Fact
Issuer symbol
LPTV
Transactions as of
11 Dec 2023
Net transactions value
$0
Form type
3
Filing time
20 Dec 2023, 20:15:59 UTC
Next filing
16 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LPTV Common Stock 30,000 11 Dec 2023 Direct F1

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
holding LPTV Stock Option (right to buy) 11 Dec 2023 Common Stock 29,358 $2.58 Direct F2
holding LPTV Stock Option (right to buy) 11 Dec 2023 Common Stock 637,308 $1.98 Direct F3
holding LPTV Stock Option (right to buy) 11 Dec 2023 Common Stock 83,333 $3.30 Direct F4
holding LPTV Stock Option (right to buy) 11 Dec 2023 Common Stock 60,610 $4.95 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person was granted 30,000 restricted stock units on September 22, 2022, which will be settled in shares of the Issuer's common stock once vested. The restricted stock units vested as to 25% on September 22, 2023, with the remainder to vest thereafter in equal quarterly installments over the following three-year period, commencing on the three-month anniversary of September 22, 2023.
F2 The option was granted on December 7, 2016. The option fully vested and became exercisable on December 7, 2016.
F3 The option was granted on October 31, 2018. The option fully vested and became exercisable on April 30, 2019.
F4 The option was granted on November 10, 2020. The option vested as to 25% on March 1, 2021, with the remainder vesting thereafter in 36 equal monthly installments beginning April 1, 2021.
F5 The option will vest over a period of four (4) years from September 22, 2022 (the "Grant Date") and will be exercisable in accordance with the following vesting schedule: 12/48th of the amount of total options granted on the first anniversary of the Grant Date, and then 1/48th of the amount of total options granted on the first day of each month thereafter for the next three (3) years, and continuing each successive month until the option is 100% vested.

Remarks:

Exhibit 24- Power of Attorney