Celli Frank E.'s Form 4 filing
Titan Environmental Solutions Inc. (TESI) · filed Sep 28, 2023
- Accession no.
- 0001493152-23-034702
- Filed
- Sep 28, 2023
- Trade date
- Jul 20, 2023
- Filing delay
- 70 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 1 derivative transaction. It was filed 70 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 |
|---|---|
| Celli Frank E.CIK 0001658037 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
This filing has no transactions of this kind.
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 |
|---|---|---|---|---|---|---|---|---|
| Jul 20, 2023 | Common Stock | PPurchaseAcquired | +44,679,817 | –F1 | – | 44,679,817 | Indirect |
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.
- F1
These shares are owned directly by MVSR, LLC, a Nevada limited liability company ("MVSR"), and indirectly by Frank Celli in his capacity as the manager of MVSR. MVSR acquired this Series A Right to Receive Common Stock (the "Right") of TraQiQ, a California corporation (the "Issuer"), in connection with the execution and delivery of a Settlement Agreement by and between MVSR, the Issuer, and Renovare Environmental, Inc., a Delaware corporation, dated July 20, 2023. The Right is exercisable at any time, until July 20, 2028, into 44,679,817 shares of the Issuer's Common Stock, without payment of additional consideration. MVSR shall not have the right to exercise any portion of the Right if MVSR would beneficially own in excess of 4.99% of the shares of Common Stock of the Issuer outstanding immediately after giving effect to such exercise.
Referenced by the price of 1 transaction in Table II.