0001493152-21-023594.txt : 20210924
0001493152-21-023594.hdr.sgml : 20210924
20210924161941
ACCESSION NUMBER: 0001493152-21-023594
CONFORMED SUBMISSION TYPE: 4/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200821
FILED AS OF DATE: 20210924
DATE AS OF CHANGE: 20210924
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CARLISE THERESA
CENTRAL INDEX KEY: 0001086391
FILING VALUES:
FORM TYPE: 4/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40447
FILM NUMBER: 211277550
MAIL ADDRESS:
STREET 1: 507 FOREST AVE
STREET 2: C/O NATIONAL RECORD MART INC
CITY: CARNEGIE
STATE: PA
ZIP: 15106
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ORBSAT CORP
CENTRAL INDEX KEY: 0001058307
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
IRS NUMBER: 650783722
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 18851 NE 29THAVENUE
STREET 2: SUITE 700
CITY: AVENTURA
STATE: FL
ZIP: 33180
BUSINESS PHONE: 1-305-560-5355
MAIL ADDRESS:
STREET 1: 18851 NE 29THAVENUE
STREET 2: SUITE 700
CITY: AVENTURA
STATE: FL
ZIP: 33180
FORMER COMPANY:
FORMER CONFORMED NAME: Orbital Tracking Corp.
DATE OF NAME CHANGE: 20150128
FORMER COMPANY:
FORMER CONFORMED NAME: Great West Resources, Inc.
DATE OF NAME CHANGE: 20140514
FORMER COMPANY:
FORMER CONFORMED NAME: SILVER HORN MINING LTD.
DATE OF NAME CHANGE: 20110429
4/A
1
ownership.xml
X0306
4/A
2020-08-21
2020-09-01
0
0001058307
ORBSAT CORP
OSAT
0001086391
CARLISE THERESA
C/O ORBSAT CORP
18851 N.E. 29TH AVE., SUITE 700
AVENTURA
FL
33180
0
1
0
0
Chief Accounting Officer
Common Stock, par value $0.0001
2020-08-21
4
A
0
1000
0.00
A
1000
D
Common Stock, par value $0.0001
2021-09-23
4
M
0
14200
1.00
A
15200
D
Common Stock, par value $0.0001
2021-09-23
4
F
0
2763
5.14
D
12437
D
Non-Qualified Stock Option (right to buy)
1.00
2020-08-21
4
A
0
14200
0.00
A
2030-08-20
Common Stock
14200
14200
D
Non-Qualified Stock Option (right to buy)
1.00
2021-09-23
4
M
0
14200
0.00
D
2030-08-20
Common Stock
14200
0
D
This Form 4 Amendment is being submitted to correct the disclosure regarding the options granted on 8/21/2020. On May 28, 2021, the Issuer effected a 1-for-5 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
Represents restricted stock awarded by the Board of Directors on 8/21/2020 and granted pursuant to the Company's 2020 Equity Incentive Plan.
On September 23, 2021, the reporting person exercised options to purchase 14,200 shares at $1.00 per share. The Reporting Person paid the exercise price on a cashless basis (a "net exercise"), resulting in the Issuer withholding 2,763 of the option shares to pay the exercise price and issuing to the Reporting Persons the remaining 11,437 shares.
The grant of these options was approved by the Registrants Board of Directors on 8/21/2020 and subject to the Company's 2020 Equity Incentive Plan. All options vested immediately upon grant date.
/s/ Theresa Carlise
2021-09-24