Lawrence M. Diamond - May 26, 2022 Form 4 Insider Report for Mitesco, Inc. (MITI)

Role: Chief Executive Officer, Director
Signature: /s/ Lawrence M. Diamond
Stock symbol: MITI
Transactions as of: May 26, 2022
Transactions value $: $13,412
Form type: 4
Date filed: 6/7/2022, 06:14 PM
Previous filing: May 24, 2022
Next filing: Dec 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MITI	Common Stock, par value $0.01	Other	$6.03K	+24.1K	+0.35%	$0.25	6.87M	May 26, 2022	Direct	F1, F2, F6
transaction	MITI	Common Stock, par value $0.01	Other	$5.28K	+20.3K	+0.3%	$0.26	6.89M	Jun 7, 2022	Direct	F3
transaction	MITI	Common Stock, par value $0.01	Other	$2.1K	+13.1K	+0.19%	$0.16	6.9M	Jun 7, 2022	Direct	F4

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	MITI	Common Stock Purchase Warrant	Purchase	$0	+24.1K		$0.00	24.1K	May 26, 2022	Common Stock	24.1K	$0.50	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 26, 2022, Mitesco, Inc. (the "Company") issued a 10% Promissory Note (the "Note") to Lawrence Diamond. The principal amount of the Note is $58,824.00, carries a 10% interest rate per annum, payable in monthly installments.
F2	In connection with the Note, on May 26, 2022, the Company issued 24,118 commitment fee shares of the Company's common stock to Mr. Diamond.
F3	The Company issued 20,306 shares of Restricted Common Stock at a price of $0.26 per share, as dividend for Mr. Diamond's ownership of Series X Perpetual Preferred Stock ("Series X Preferred") for the year 2021.
F4	The Company issued 13,143 shares of Restricted Common Stock at a price of $0.16 per share, as dividend for Mr. Diamond's ownership of Series X Preferred for the months of January 2022 through May 2022.
F5	24,118 Common Stock Purchase Warrants at an exercise price of $0.50 were granted to Mr. Diamond on May 26, 2022, pursuant to the Note. The Warrants are exercisable at any time on or after November 26, 2022, and on or before the May 26, 2027.
F6	The 6,867,375 is the correct amount of securities beneficially owned following the reported transaction. The Form 4 filed on August 18, 2021, should have amended the Form 4 filed on June 3, 2021, but erroneously re-filed the Form 4 and duplicated the amount of securities beneficially owned by Lawrence Diamond by 1,500,000 shares. Therefore, each Form 4 thereafter erroneously overstated the amount of securities beneficially owned by Lawrence Diamond by 1,500,000 shares.