Prashant Patel - Jan 5, 2024 Form 4 Insider Report for TRxADE HEALTH, INC (MEDS)

Role
Interim CFO and Director, Director
Signature
/s/ Prashant Patel
Stock symbol
MEDS
Transactions as of
Jan 5, 2024
Transactions value $
$0
Form type
4
Date filed
1/16/2024, 06:12 AM
Previous filing
Sep 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MEDS Common stock Award $0 +150K $0.00 150K Jan 5, 2024 The Patel Trust 2010 F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Restricted Common Stock were issued to the Reporting Person pursuant to the Issuer's Amended and Restated 2019 Equity Incentive Plan and are subject to forfeiture. The shares vest at the rate of 1/2 of the shares on January 1, 2023 and April 1, 2023, subject to the Reporting Person's continued service to the Company on such vesting dates, and subject to the terms and conditions of a Restricted Shares Grant Agreement entered into by and between the Issuer and the Reporting Person. Exempt under Rule 16b-3(d).
F2 Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as a member of the Board of Directors.
F3 These securities are owned directly by the Patel Trust 2010, of which Mr. Patel is the trustee. Mr. Patel, as the trustee, is deemed to have indirect beneficial ownership of the shares held by the Patel Trust 2010.