FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 07/01/2022 |
3. Issuer Name and Ticker or Trading Symbol
Charge Enterprises, Inc. [ CRGE ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 519,286 | D | |
Common Stock | 707,143 | I | By Spouse |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Options, right to buy | (1) | 12/26/2027 | Common Stock | 550,000 | $3.53 | D | |
Options, right to buy | (2) | 12/26/2026 | Common Stock | 125,000 | $3.53 | I | By spouse |
Options, right to buy | (3) | 12/26/2025 | Common Stock | 10,000 | $3.53 | I | By child |
Explanation of Responses: |
1. On December 27, 2021, the Reporting Person was granted a six-year option to purchase 550,000 shares of common stock pursuant to the Issuer's 2020 Omnibus Equity Incentive Plan. Such option will vest on the anniversary of the grant date in equal installments in the amount of 137,500 shares, with the first installment vesting on December 27, 2022. |
2. On December 27, 2021, the Reporting Person's spouse was granted a five-year option to purchase 125,000 shares of common stock pursuant to the Issuer's 2020 Omnibus Equity Incentive Plan. Such option will vest pursuant to a three-year vesting schedule, whereby one-third of the total number of shares will vest each year on the anniversary date of the grant date. |
3. On December 27, 2021, the Reporting Person's child was granted a four-year option to purchase 10,000 shares of common stock pursuant to the Issuer's 2020 Omnibus Equity Incentive Plan. Such options will fully vest on December 27, 2022. |
Remarks: |
Title - President & CEO of B W Electrical Services, LLC (Subsidiary). Exhibit List: Exhibit 24 - Limited Power of Attorney for Section 16 Reporting Obligations (filed herewith). |
/s/ JAMIE YUNG, Attorney-In-Fact | 12/21/2022 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |