UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (Right to Buy) | 03/31/2021 | 03/31/2031 | Common Stock | 1,585 (1) | $ 5.74 | D | |
Stock Option (Right to Buy) | (2) | 03/31/2031 | Common Stock | 2,439 (1) | $ 5.74 | D | |
Stock Option (Right to Buy) | (3) | 03/31/2031 | Common Stock | 6,097 (1) | $ 5.74 | D | |
Stock Option (Right to Buy) | (4) | 03/31/2031 | Common Stock | 6,097 (1) | $ 5.74 | D | |
Stock Option (Right to Buy) | (5) | 03/31/2031 | Common Stock | 24,390 (1) | $ 5.74 | D | |
Stock Option (Right to Buy) | (6) | 03/31/2031 | Common Stock | 24,390 (1) | $ 5.74 | D | |
Series 1 Preferred Stock | (7) | (7) | Common Stock | 50,000 (7) | $ (7) | I | Nardo Family Trust Dated October 3, 2001 (8) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Nardo Christopher J. 3525 DEL MAR HEIGHTS RD., #332 SAN DIEGO, CA 92130 |
Senior VP, Development |
/s/ Gerald T. Proehl, Attorney-in Fact | 08/12/2021 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Shares reported reflect the 1 for 20.5 stock split effected July 1, 2021. |
(2) | Options vest in 48 equal monthly installments commencing September 1, 2017. |
(3) | Options vest in 48 equal monthly installments commencing January 1, 2018. |
(4) | Options vest in 48 equal monthly installments commencing December 19, 2018. |
(5) | Options vest in 48 equal monthly installments commencing December 11, 2019. |
(6) | Options vest in 48 equal monthly installments commencing January 1, 2021. |
(7) | The Series 1 Preferred Stock is convertible into shares of Common Stock in connection with the Issuer's initial public offering ("IPO"). All shares of Series 1 Preferred Stock will be converted into 2,439 shares of Common Stock of the Issuer upon consummation of the IPO. The conversion ratio reflects the Stock Split. |
(8) | Reporting person disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
Remarks: Exhibit 24- Power of Attorney |