Eliyahu Haddad - Sep 13, 2023 Form 4 Insider Report for Dror Ortho-Design, Inc. (NVNT)

Role
Chief Executive Officer, Director
Signature
/s/ Eliyahu Haddad
Stock symbol
NVNT
Transactions as of
Sep 13, 2023
Transactions value $
$500,000
Form type
4
Date filed
9/27/2023, 10:33 PM
Previous filing
Sep 27, 2023
Next filing
Jun 25, 2024

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 NVNT Series A Convertible Preferred Stock Award $500K +455K $1.10* 455K Sep 13, 2023 Common Stock 45.5M $0.01 Direct F1, F2
transaction NVNT Common Warrants Award $0 +45.5M $0.00 45.5M Sep 13, 2023 Common Stock 45.5M $0.03 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Series A Convertible Preferred Stock, par value $0.0001 per share and with a stated value of $1.10 per share (the "Preferred Stock") of Dror Ortho-Design, Inc. (formerly Novint Technologies, Inc.) (the "Company") shall be convertible, at any time and from time to time at the option of the Holder thereof, into shares of the company's common stock, par value $0.0001 per share (the "Common Stock") from and after the date the Company has reserved shares of Common Stock on behalf of the holders of the Preferred Stock.
F2 The Preferred Stock is perpetual and therefore has no expiration date.
F3 Warrants will be exercisable from and after the date the Company has reserved shares of Common Stock on behalf of the holders of the warrants (the "Initial Exercise Date").
F4 Warrants expire on the fifth anniversary of the Initial Exercise Date.