William Kerby - Dec 29, 2023 Form 4 Insider Report for SIGMA ADDITIVE SOLUTIONS, INC. (SASI)

Role: Chief Executive Officer
Signature: /s/ William Kerby
Stock symbol: SASI
Transactions as of: Dec 29, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/3/2024, 08:39 PM
Previous filing: May 25, 2021
Next filing: Jan 23, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SASI	Common Stock	Award		+28.6K			28.6K	Dec 29, 2023	Direct	F1
transaction	SASI	Common Stock	Award		+11.4K			11.4K	Dec 29, 2023	By Travel and Media Tech, LLC	F1, F2

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	SASI	Option	Other	$0	-5.15K	-50%	$0.00	5.15K	Dec 29, 2023	Common Stock	5.15K		By Travel and Media Tech, LLC	F2, F3

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

Explanation of Responses:

Id	Content
F1	Shares received in exchange for equity interests beneficially owned by William Kerby in connection with the exchange of all outstanding shares of NextTrip Holdings, Inc. for shares of the Issuer's common stock (the "Exchange") pursuant to a share exchange agreement dated October 13, 2023, as amended. Additional shares of the Issuer may be issued in the future upon achievement of certain milestones. No additional consideration was paid in connection with the Exchange, which closed on December 29, 2023.
F2	The shares are beneficially owned by ravel and Media Tech, LLC ("TMT"). Mr. Kerby is a 50% member of TMT. As such, Mr. Kerby is deemed to beneficially own the shares held by TMT. Mr. Kerby disclaims beneficial ownership of all securities held by TMT in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of, or has pecuniary interest in, any such excess shares for the purposes of Section 16 of the Exchange Act or for any other purpose.
F3	On December 29, 2023, in connection with the Exchange, TMT entered into an agreement pursuant to which, from June 1, 2024 to December 29, 2024, (i) TMT has the right to purchase 5,152 shares of the Issuer's common stock from an investor, as well as any additional shares that may be issued to such investor upon achievement of certain milestones in connection with the Exchange (collectively, the "Option Shares"), for an aggregate of $400,000, and (ii) the investor has the right to put the Option Shares to TMT for an aggregate of $379,000.