Paul Adler - Aug 29, 2024 Form 4 Insider Report for NetBrands Corp. (NBND)

Signature
/s/ Paul Adler
Stock symbol
NBND
Transactions as of
Aug 29, 2024
Transactions value $
$178,729
Form type
4
Date filed
8/30/2024, 02:44 PM
Previous filing
Sep 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NBND Common stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $179K +2.48M +21.46% $0.07 14.1M Aug 29, 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Remarks:

* The shares were issued in the name of InPlay Captial Inc. which is an entity controlled by Mr. Adler