Statement of Changes in Beneficial Ownership (4)
March 05 2021 - 9:22AM
Edgar (US Regulatory)
FORM 4
[X]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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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1. Name and Address of Reporting Person
*
El-Batrawi Ramy |
2. Issuer Name and Ticker or Trading Symbol
EVmo, Inc.
[
YAYO
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Executive Officer |
(Last)
(First)
(Middle)
433 N. CAMDEN DRIVE, SUITE 600 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/26/2021 |
(Street)
BEVERLY HILLS, CA 90210
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/26/2021 | | S | | 6000000 | D | $0.8333 | 2297195 | I | See footnote (2) |
Common Stock | 3/1/2021 | | C(1) | | 960550 | A | $0.2150 (2) | 3257745 | I | See footnote (3) |
Common Stock | 3/2/2021 | | G | | 100000 | D | $0 | 3157745 | I | See footnote (3) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Incentive Stock Option | $0.2150 (2) | 3/2/2021 | 3/2/2021 | C (1) | | | 1000000 | (4) | 7/8/2025 | Common Stock | 1000000 | $0.2150 (2) | 0 | D | |
Explanation of Responses: |
(1) | Shares of common stock were acquired by the Reporting Person pursuant to the exercise of incentive stock options granted to the Reporting Person on July 8, 2020. |
(2) | The shares of common stock were acquired pursuant to a cashless exercise of 1,000,000 incentive stock options granted to the Reporting Person on July 8, 2020. The incentive stock options were exercised at a price of $0.2150 per the terms of the option grant, for a total valuation of $215,000. As of 2/19/2021, the trading day prior to the date the Reporting Person requested the exercise, the closing price per share of common stock was $5.45. Accordingly, the cashless exercise resulted in 39,450 common shares used as consideration to acquire a net 960,550 common shares. |
(3) | Shares of common stock beneficially owned by the Reporting Person are held of record by X, LLC, which is an entity that is wholly-owned and controlled by the Reporting Person. The Reporting Person has voting and dispositive control over any securities owned of record by X, LLC. |
(4) | The Incentive Stock Options were originally granted to the Reporting Person on July 8, 2020 with 500,000 options vesting immediately, thereafter the remaining 500,000 options would vest quarterly over 2 years. In connection with the Reporting Person's resignation as Chief Executive Officer of the Issuer, the board of directors agreed to accelerate the vesting of all options so that such options fully vested effective upon his resignation. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
El-Batrawi Ramy 433 N. CAMDEN DRIVE SUITE 600 BEVERLY HILLS, CA 90210 | X |
| Chief Executive Officer |
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Signatures
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/s/ Ramy El-Batrawi | | 3/5/2021 |
**Signature of Reporting Person | Date |
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