William Kerby - May 18, 2021 Form 4 Insider Report for Monaker Group, Inc. (NXTP)

Role
Chief Executive Officer, Director
Signature
/s/ William Kerby
Stock symbol
NXTP
Transactions as of
May 18, 2021
Transactions value $
$0
Form type
4
Date filed
5/25/2021, 11:50 AM
Previous filing
Sep 3, 2021
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXTP Common Stock Other +1.97M 1.97M May 18, 2021 See footnote F1, F2
holding NXTP Common Stock 671K May 18, 2021 Direct
holding NXTP Common Stock 80K May 18, 2021 Through In-Room Retail Systems, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person has the right to vote these shares held by IDS, Inc. ("IDS") pursuant to the terms of a May 18, 2021, Shareholder Voting and Representation Agreement between the Issuer, the Reporting Person and IDS (the "Voting Agreement"). Pursuant to the Voting Agreement, IDS provided Mr. Kerby the right to, and an irrevocable proxy to, vote all of the IDS Shares held by IDS at any meeting of stockholders of the Company and/or via any written consent of stockholders of the Company.
F2 The Voting Agreement remains in place until the earlier of the fifth anniversary of the Voting Agreement; the disposition of the shares by IDS pursuant the terms of a separate agreement; a change of control of more than 50% voting control of the Issuer; the sale of all or substantially all of the assets of the Issuer; or termination of the Voting Agreement by the Reporting Person. No separate consideration was provided by the Reporting Person for the voting rights, which are held as the shareholder representative for the benefit of the Issuer.
F3 The Reporting Person owns 100% of In-Room Retail Systems, LLC and is deemed to beneficially own the securities held by such entity.