Danny Meeks - Apr 22, 2024 Form 4 Insider Report for Greenwave Technology Solutions, Inc. (GWAV)

Signature
/s/ Danny Meeks
Stock symbol
GWAV
Transactions as of
Apr 22, 2024
Transactions value $
$7,218,350
Form type
4
Date filed
4/24/2024, 07:27 AM
Previous filing
Aug 1, 2023
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWAV Common Stock Other $7.22M +61.9M +1406.36% $0.12 66.3M Apr 22, 2024 By DWM Properties LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 22, 2024, the Company entered into an exchange agreement (the "Exchange Agreement") with DWM Properties LLC (the "Holder"), an entity wholly-owned by the Reporting Person, pursuant to which the Company and Holder agreed to exchange the remaining principal balance of $7,218,350 of that certain Secured Promissory Note, dated July 31, 2023, issued by the Company to the Holder for 61,853,899 shares of the Company's Common Stock.
F2 The Reporting Person holds 4,398,169 shares of the Company's Common Stock, which consists of (i) 3,575,703 shares of Common Stock and (ii) 822,466 shares of Common Stock underlying warrants. The Holder, an entity wholly-owned by the Reporting Person, holds 61,853,899 shares of Common Stock.