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