Danny Meeks - Nov 30, 2021 Form 4 Insider Report for Greenwave Technology Solutions, Inc. (GWAV)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Danny Meeks
Stock symbol: GWAV
Transactions as of: Nov 30, 2021
Transactions value $: $4,762,838
Form type: 4
Date filed: 12/15/2021, 03:02 PM
Previous filing: Dec 15, 2021
Next filing: Jul 25, 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	GWAV	Convertible Note	Other	$4.76M				95.3M	Nov 30, 2021	Common Stock	95.3M	$0.05	Direct	F1, F2, F3, F4
transaction	GWAV	Common Stock Purchase Warrant	Other		+95.3M			95.3M	Nov 30, 2021	Common Stock	95.3M	$0.07	Direct	F2, F5

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

Explanation of Responses:

Id	Content
F1	The Convertible Note bears interest at the rate of 10% per annum. At the election of the Reporting Person, all principal and accrued but unpaid interest under the Convertible Note may be converted into the Issuer's common stock. For each $0.05 converted, the Reporting Person will receive one share of common stock. However, the Reporting Person shall not have the right to any shares of common stock otherwise issuable upon the conversion of the Convertible Note if after giving effect to such issuance, the Reporting Person would beneficially own in excess of 4.99% of the Issuer's outstanding shares of common stock.
F2	The Convertible Note and Warrant were issued to the Reporting Person in exchange for the rollover by the Reporting Person of certain indebtedness of the Issuer held by the Reporting Person.
F3	The Convertible Note is currently exercisable and will mature on May 30, 2022. The Convertible Note is convertible from time to time at the option of the Reporting Person and automatically converts into shares of the Issuer's common stock upon the listing of the Issuer's common stock on a national securities exchange and subsequent firm commitment underwritten public offering for gross proceeds of not less than $5,000,000.
F4	Excludes shares of common stock issuable upon conversion of accrued interest.
F5	The Reporting Person shall not have the right to exercise any portion of the Warrant to the extent that after giving effect to such exercise and the issuance of common stock pursuant thereto, the Reporting Person would beneficially own in excess of 4.99% of the Issuer's outstanding shares of common stock, which may be increased to 9.99% at the Reporting Person's option.