Ajay Sikka - Dec 31, 2024 Form 4 Insider Report for Titan Environmental Solutions Inc. (TESI)

Role
Director
Signature
/s/ Ajay Sikka
Stock symbol
TESI
Transactions as of
Dec 31, 2024
Transactions value $
$0
Form type
4
Date filed
3/20/2025, 03:02 PM
Previous filing
Jun 3, 2022
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 TESI Options to Purchase Common Stock Award +1.5M 1.5M Dec 31, 2024 Common Stock 1.5M $0.04 Direct F1
transaction TESI Series A Right to Receive Common Stock Other +11.5M 11.5M Jul 17, 2023 Common Stock 11.5M $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities reported herein were granted to the reporting person by Titan Environmental Solutions Inc. (the "Issuer") pursuant to the Issuer's 2023 Equity Incentive Plan.
F2 The reporting person acquired these Series A Rights to Receive Common Stock of the Issuer in exchange for (i) 45,000 shares of Series B Convertible Preferred Stock of the Issuer, (ii) 5,000,000 shares of Common Stock of the Issuer, and (iii) a claim for unreimbursed advances to the Issuer in the amount of $100,000.