0001437749-24-022254.txt : 20240705 0001437749-24-022254.hdr.sgml : 20240705 20240705172152 ACCESSION NUMBER: 0001437749-24-022254 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240701 FILED AS OF DATE: 20240705 DATE AS OF CHANGE: 20240705 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: He Xin CENTRAL INDEX KEY: 0001489128 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35824 FILM NUMBER: 241103089 MAIL ADDRESS: STREET 1: 32000 AURORA ROAD STREET 2: SUITE B CITY: SOLON STATE: OH ZIP: 44139 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Professional Diversity Network, Inc. CENTRAL INDEX KEY: 0001546296 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 800900177 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 55 EAST MONROE STREET STREET 2: SUITE 2120 CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 312-614-0950 MAIL ADDRESS: STREET 1: 55 EAST MONROE STREET STREET 2: SUITE 2120 CITY: CHICAGO STATE: IL ZIP: 60603 FORMER COMPANY: FORMER CONFORMED NAME: Professional Diversity Network, LLC DATE OF NAME CHANGE: 20120402 4 1 rdgdoc.xml FORM 4 X0508 4 2024-07-01 0001546296 Professional Diversity Network, Inc. IPDN 0001489128 He Xin C/O PDN INC. 55 EAST MONROE STREET, SUITE 2120 CHICAGO IL 60603 1 1 CEO 0 Common Stock 2024-07-01 4 A 0 40000 0 A 280938 D Common Stock 2024-07-01 4 A 0 1000000 0.4950 A 1280938 I See footnote Restricted Stock Units 0 2023-07-19 4 A 0 40000 0 A Common Stock 40000 40000 D Stock Options 4.4600 2024-07-05 2034-07-05 Common Stock 15000 15000 D Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. On July 18, 2023, the Company granted an award of 120,000 shares of Restricted Stock Units to Mr. He in connection with the execution of an employment agreement between the Company and Mr. He. The Restricted Stock Units issued to the Executive will vest one third (1/3) annually. The last 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2025. On June 28, 2024, the Company entered into a stock purchase agreement of 1,000,000 shares of the Company's common stock at a unit price of $0.495 with Eighty-eight Investment LLC, wholly owned and controlled by Mr. He. The Agreement resulted in aggregate proceeds of $495,000. Mr. He held 15,000 shares of stock option of the Company prior to the reported transactions. /s/ Xin He 2024-07-05