GIORDANO SEBASTIAN bought TLSS
August 28, 2025 · Form 4 insider transaction
GIORDANO SEBASTIAN bought 4,000 shares of Transportation And Logistics Systems Inc, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 5 days after the transaction.
Footnotes
Received pursuant to a stock award agreement between the Reporting Person and the Issuer, dated August 28, 2025, for current and future services performed. The shares of Series J senior convertible preferred stock vest immediately upon issuance.; The Series J senior convertible preferred stock is convertible at any time, at the holder's election, at an initial conversion price of $0.001 per share of common stock and is perpetual and therefore has no expiration date. The Series J senior convertible preferred stock is subject to a contractual limitation such that the reporting person may not convert Series J senior convertible preferred stock to the extent that after giving effect to such conversion, the reporting person (together with its attribution parties as defined in the certificate of designations) would beneficially own in excess of 4.99% of the shares of common stock outstanding immediately after giving effect to such conversion.