Isaac Dietrich - Dec 16, 2021 Form 4 Insider Report for Greenwave Technology Solutions, Inc. (GWAV)

Role
Former Officer and Director
Signature
/s/ Isaac Dietrich
Stock symbol
GWAV
Transactions as of
Dec 16, 2021
Transactions value $
$0
Form type
4
Date filed
12/17/2021, 12:27 PM
Next filing
Mar 13, 2023

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 Series C Convertible Preferred Stock Other $0 -1K -100% $0.00* 0 Dec 16, 2021 Common Stock 1M Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Isaac Dietrich is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each share of Series C Convertible Preferred Stock (the "Series C Preferred Stock") was to automatically convert into 1,000,000 shares of the Issuer's common stock upon the earlier to occur of: (i) the listing the Issuer's securities on a national securities exchange and (ii) a Change in Control (as defined in the Certificate of Designations, Preferences and Rights of the Series C Preferred Stock) of the Issuer. If there was no listing on a national securities exchange and if there is no Change in Control, the Series C Preferred Stock would not have converted into shares of the Issuer's common stock.
F2 On December 16, 2021, Mr. Dietrich forfeited his 1,000 shares of Series C Preferred Stock for no consideration.
F3 The Series C Preferred Stock was perpetual and therefore had no expiration date.
F4 Collectively, the shares of Series C Preferred Stock were entitled to cast such number of votes equal to 40% of the issued and outstanding shares of common stock of the Issuer.