Jeff Toghraie - Oct 14, 2024 Form 4 Insider Report for Axil Brands, Inc. (AXIL)

Role
Chairman, CEO, Director, 10%+ Owner
Signature
/s/ Jeff Toghraie
Stock symbol
AXIL
Transactions as of
Oct 14, 2024
Transactions value $
$0
Form type
4
Date filed
10/15/2024, 04:15 PM
Previous filing
Apr 24, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AXIL Common Stock 1.25M Oct 14, 2024 By Intrepid Global Advisors 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
transaction AXIL Stock Option (right to buy) Award $0 +350K $0.00 350K Oct 14, 2024 Common Stock 350K $4.01 Direct F2
holding AXIL Series A Preferred Stock 15.5M Oct 14, 2024 Common Stock 773K By Intrepid Global Advisors F1, F3
holding AXIL Stock Option (right to buy) 155K Oct 14, 2024 Common Stock 155K $1.80 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Jeff Toghraie is the managing director of Intrepid Global Advisors, Inc.
F2 Options vest in 48 equal monthly installments, beginning on October 14, 2024, the date of grant, subject to continued employment through the vesting date.
F3 The Series A Preferred Stock, par value $0.0001 per share (the "Preferred Stock"), is convertible into shares of the Issuer's common stock on a twenty-for-one basis, at the option of the holder, at any time; provided, that the holder may not convert that number of shares of Preferred Stock which would cause the holder to become the beneficial owner of more than 5% of the Issuer's common stock, as determined in accordance with Sections 13(d) and (g) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder. The Preferred Stock has no expiration date.
F4 Fully exercisable.