Richard Rosenblum - Aug 16, 2021 Form 4 Insider Report for Innovative Payment Solutions, Inc. (IPSI)

Role
President and CFO, Director
Signature
/s/ Richard Rosenblum
Stock symbol
IPSI
Transactions as of
Aug 16, 2021
Transactions value $
$0
Form type
4
Date filed
8/20/2021, 12:58 PM
Previous filing
Aug 13, 2021
Next filing
Jul 13, 2022

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 IPSI Stock Option Award $0 +10M $0.00 10M Aug 16, 2021 Common Stock 10M $0.15 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Fifty percent (50%) of the shares vest on August 31, 2021, and the remaining fifty percent (50%) of the shares vesting at the rate of 1/36th per month over a three-year period.