Omid Farokhzad, a major owner of Strategic Environmental & Energy Resources, Inc. and Strategic Environmental & Energy Resources, Inc.'s CEO and Chair of the Board and a director of the company, recently cashed-in 526,315 options. The options were exercised at $0.00, while the disposals took place at $19.00 per share, on December 08, 2020. Farokhzad continues to hold 532,138 shares of the company. Farokhzad operates out of Redwood City, CA. Some additional info was provided as follows:
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.
The reported shares are held of record by Dynamics Group LLC for which the reporting person serves as the s ole member.
The reported shares are held of record by SAF-BND Trust for which the reporting person's spouse serves as trustee. The reporting person disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following: