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