Trent D'Ambrosio - Feb 23, 2023 Form 4 Insider Report for INCEPTION MINING INC. (IMII)

Role
CEO/CFO, Director, 10%+ Owner
Signature
/s/ Trent D'Ambrosio
Stock symbol
IMII
Transactions as of
Feb 23, 2023
Transactions value $
$17,801,130
Form type
4
Date filed
3/1/2023, 04:36 PM

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 IMII Promissory Note Conversion of derivative security $17M +485M +11967.23% $0.04 489M Feb 23, 2023 Common shares 485M $0.04 Direct F1
transaction IMII Promissory Note Conversion of derivative security $812K +23.2M +4.74% $0.04 513M Feb 23, 2023 Common shares 23.2M $0.04 By spouse F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Trent D'Ambrosio was owed $1,698,910 by the Company in debt that was not convertible on its face. He elected to convert the debt into shares of common stock at the rate of $0.0035. This conversion was approved by the Board of Directors.
F2 Trent D'Ambrosio's spouse, Debra D'Ambrosio, was owed $81,203 by the Company in debt that was not convertible on its face. He elected to convert the debt into shares of common stock at the rate of $0.0035. This conversion was approved by the Board of Directors.