Stockwell Lynn's Form 4 filing
Bright Green Corp (BGXX) · filed Sep 6, 2023
- Accession no.
- 0001493152-23-031869
- Filed
- Sep 6, 2023, 5:17 PM ET
- Trade date
- Jul 18-Sep 1, 2023
- Filing delay
- 50 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions and 1 derivative transaction. Open-market sales total $116.7K. It was filed 50 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Stockwell LynnCIK 0001927032 | Director, 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 18, 2023 | Common Stock | GGiftAcquired | +2,500,000 | $0.00 | $0 | 67,583,475 | Direct | |
| Aug 22, 2023 | Common Stock | GGiftDisposed | −977,777 | $0.00 | $0 | 66,605,698 | Direct | |
| Aug 31, 2023 | Common Stock | SSaleDisposed | −250,000 | $0.4667 | −$116,675 | 66,355,698 | Direct | |
| Sep 1, 2023 | Common Stock | JOtherAcquired | +2,827,960 | $1.15 | +$3,252,154 | 69,183,658 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 1, 2023 | Common Stock | JOtherAcquired | +2,827,960 | $0.13F3 | +$367,634.8 | 2,827,960 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F3
In connection with an unsecured line of credit in the form of a note (the "Note") between the Issuer and the Reporting Person, on September 1, 2023, the Issuer and the Reporting Person entered into an agreement pursuant to which the Issuer issued to the Reporting Person (i) 2,827,960 shares (the "Shares") of the Issuer's common stock at a conversion price of $1.15 per share, and (ii) warrants (the "Warrants") to purchase up to 2,827,960 shares of the Issuer's common stock at a conversion price of $0.13 per warrant. The issuance of the Shares and the Warrants was made to settle all amounts of principal interests and other costs under the Note as of August 31, 2023 (the "Repayment Obligation").
Referenced by the price of 1 transaction in Table II.