Jon Isaac, a major owner of Live Ventures and Live Ventures's CEO and President and a director of the company, just received 25,000 options from the company. The strike price of the options received was $10.00, and these expire on dates ranging from January 15, 2021 to January 15, 2023. Isaac now owns at least 1,406,812 options on the company.
Some additional info was provided as follows:
The reported transaction involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The expiration date of the "old" option was amended as described in this Form 4.
Includes (i) options to purchase 25,000 shares of common stock, (ii) 158,333 shares of Series B Preferred Convertible Stock ("Series B Preferred Stock"), and (iii) shares to purchase up to 118,029 shares of Series B Preferred Stock upon the exercise of warrants held by Isaac Capital Group, LLC, the sole member of which is Jon Isaac. The Series B Preferred Stock and the underlying shares of common stock (791,666 and 590,146 warrant shares) are subject to a lock-up agreement with the issuer that expires on December 31, 2021.
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:
Regulation FD - Oct. 20, 2021
Live Ventures's Chief Accounting Officer just declared ownership of no shares of Live Ventures - Oct. 4, 2021
Changes in - Oct. 4, 2021
Departure of Directors or Certain - Oct. 1, 2021