0001654954-21-006230.txt : 20210524 0001654954-21-006230.hdr.sgml : 20210524 20210524170602 ACCESSION NUMBER: 0001654954-21-006230 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210521 FILED AS OF DATE: 20210524 DATE AS OF CHANGE: 20210524 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dullinger James Francis CENTRAL INDEX KEY: 0001797098 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-27587 FILM NUMBER: 21955924 MAIL ADDRESS: STREET 1: C/O IOTA COMMUNICATIONS, INC. STREET 2: 645 HAMILTON STREET, SUITE 400 CITY: ALLENTOWN STATE: PA ZIP: 18101 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: IOTA COMMUNICATIONS, INC. CENTRAL INDEX KEY: 0001095130 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 223586087 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 BUSINESS ADDRESS: STREET 1: 540 UNION SQUARE CITY: NEW HOPE STATE: PA ZIP: 18938 BUSINESS PHONE: 973-339-3855 MAIL ADDRESS: STREET 1: 540 UNION SQUARE CITY: NEW HOPE STATE: PA ZIP: 18938 FORMER COMPANY: FORMER CONFORMED NAME: Solbright Group, Inc. DATE OF NAME CHANGE: 20171106 FORMER COMPANY: FORMER CONFORMED NAME: ARKADOS GROUP, INC. DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: CDKNET COM INC DATE OF NAME CHANGE: 19990916 4 1 section16.xml PRIMARY DOCUMENT X0306 4 2021-05-21 0001095130 IOTA COMMUNICATIONS, INC. IOTC 0001797098 Dullinger James Francis C/O IOTA COMMUNICATIONS, INC. 645 HAMILTON STREET, SUITE 400 ALLENTOWN PA 18101 true Chief Financial Officer Common Stock 2021-05-21 4 M false 408163 0.12 A 408163 D Stock Options (right to buy) 0.12 2021-05-21 4 M false 800000 0 D 2029-12-09 Common Stock 1200000 D On May 21, 2021, the Reporting Person exercised, via a cashless exercise, stock options to acquire 800,000 shares of common stock of the issuer, at the exercise price of $0.12 per share. In connection with the cashless exercise of these stock options, the issuer withheld options to acquire 391,837 shares of common stock of the issuer to satisfy the exercise price and issued to the Reporting Person the remaining 408,163 shares of common stock. The options to purchase an aggregate of 2,000,000 shares of common stock of the issuer were granted to the Reporting Person on December 9, 2019. Pursuant to the Stock Option Modification Agreement between the issuer and the Reporting Person, these options became fully vested on December 8, 2020, with 50% of the stock options exercisable at the exercise price of $0.12 per share; 25% of the stock options exercisable at the exercise price of $0.25 per share; and the remaining 25% of the stock options exercisable at the exercise price of $0.35 per share. /s/ James Dullinger 2021-05-24