0001477932-23-006814.txt : 20230911 0001477932-23-006814.hdr.sgml : 20230911 20230911173331 ACCESSION NUMBER: 0001477932-23-006814 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230822 FILED AS OF DATE: 20230911 DATE AS OF CHANGE: 20230911 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Absher Scott W CENTRAL INDEX KEY: 0001289144 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37954 FILM NUMBER: 231248566 MAIL ADDRESS: STREET 1: 4101 NW 25TH STREET CITY: MIAMI STATE: FL ZIP: 33142 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ShiftPixy, Inc. CENTRAL INDEX KEY: 0001675634 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EMPLOYMENT AGENCIES [7361] IRS NUMBER: 474211438 STATE OF INCORPORATION: WY FISCAL YEAR END: 0831 BUSINESS ADDRESS: STREET 1: 1 VENTURE STREET 2: SUITE 150 CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 888-798-9100 MAIL ADDRESS: STREET 1: 1 VENTURE STREET 2: SUITE 150 CITY: IRVINE STATE: CA ZIP: 92618 4 1 form4.xml FORM 4 X0508 4 2023-08-22-05:00 false 0001675634 ShiftPixy, Inc. PIXY 0001289144 Absher Scott W 4101 NW 25TH STREET MIAMI FL 33142 true true true false CEO false Option for Preferred Class A Stock 0.0001 2023-08-22-05:00 4 M false 1 A Preferred Class A Stock 4744234 4744234 D As previously reported, the Board of Directors of the Issuer granted to the Reporting Person an option to acquire 4,744,234 shares of the Issuer's Preferred Class A Stock, par value $0.0001 per share. The option was issued to the Reporting Person to compensate him for assisting the Issuer to secure compliance with Nasdaq's public float requirements in 2022, in connection with a reverse stock split, by donating nearly all of his previously held shares of common stock in the Issuer to 5 different charities. The option is exercisable at any time following its issuance, subject to the conditions that the Issuer complete a reverse stock split and that the Reporting Person donate between 5 and 10% of his shares of common stock to one or more charitable organizations. The 4,744,234 shares of the Issuer's Preferred Class A Stock are convertible for up to 4,744,234 shares of the Issuer's common stock. When the conditions for exercise are fulfilled, the option can be exercised upon submission of required documentation and the exercise price of the applicable par value per share based on the number of shares for which the option is exercised. The option is exercisable any time after the conditions of exercise are fulfilled. (See note 1.) The option expires 12 months following the Issuer's next reverse split, if any, of its common stock. No cost was assigned to the option in as much as it was in the nature of an award for the Reporting Person's past actions. (See note 1.) Assumes full exercise of the subject option and accordingly includes the 4,744,234 shares of the Issuer's Preferred Class A Stock, which are convertible to 4,744,234 shares of the Issuer's common stock and excludes 13 shares of common stock underlying options exercisable within 60 days of October 1, 2023. /s/ Scott W. Absher 2023-09-11-05:00