May 30, 2023 · Form 4 insider transaction
Choe Zia bought 3,150 shares of Cardiff Lexington Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4, filed 273 days after the transaction.
On May 30, 2023, the Reporting Person received 3,150 shares of Series B Preferred Stock as partial compensation for the Reporting Person's services as Interim Chief Financial Officer of the Issuer. Each share of Series B Preferred Stock is convertible into such number of shares of Common Stock as is determined as follows: (i) if the closing market price of the Common Stock on the principal trading market on which the Common Stock is then traded or quoted is less than $4.00 per share, then each share of Series B Preferred Stock shall be convertible into a number of shares of Common Stock equal to two (2) times the stated value ($4.00 per share), divided by such closing market price on the date of conversion; or (ii) if such closing market price is equal to or greater than $4.00 per share, then each share of Series B Preferred Stock shall be convertible into two (2) shares of Common Stock. The Series B Preferred Stock has no expiration date.