Filing Details
- Accession Number:
- 0001437749-23-028658
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-10-20 12:05:24
- Reporting Period:
- 2023-07-01
- Accepted Time:
- 2023-10-20 12:05:24
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1402945 | Progressive Care Inc. | RXMD | Retail-Drug Stores And Proprietary Stores (5912) | 320186005 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1901402 | Rodney Barreto | C/O Nextplat Corp 3250 Mary St., Suite 410 Coconut Grove FL 33133 | Yes | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-07-01 | 228,240 | $2.20 | 1,572,356 | No | 4 | X | Indirect | By RLB Market Investments LLC |
| Common Stock | Disposition | 2023-07-01 | 112,838 | $4.45 | 1,459,518 | No | 4 | S | Indirect | By RLB Market Investments LLC |
| Common Stock | Acquisiton | 2023-07-01 | 30,000 | $2.20 | 1,489,518 | No | 4 | X | Indirect | By RLB Market Investments LLC |
| Common Stock | Disposition | 2023-07-01 | 14,831 | $2.20 | 1,474,687 | No | 4 | S | Indirect | By RLB Market Investments LLC |
| Common Stock | Acquisiton | 2023-07-01 | 455,000 | $2.20 | 1,929,687 | No | 4 | X | Indirect | By NextPlat Corp |
| Common Stock | Disposition | 2023-07-01 | 224,944 | $4.45 | 1,704,743 | No | 4 | S | Indirect | By NextPlat Corp |
| Common Stock | Acquisiton | 2023-07-01 | 340,599 | $2.20 | 2,045,342 | No | 4 | X | Indirect | By NextPlat Corp |
| Common Stock | Disposition | 2023-07-01 | 168,386 | $4.45 | 1,876,956 | No | 4 | S | Indirect | By NextPlat Corp |
| Common Stock | Acquisiton | 2023-07-01 | 230,000 | $2.20 | 2,106,956 | No | 4 | X | Indirect | By NextPlat Corp |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | X | Indirect | By RLB Market Investments LLC |
| No | 4 | S | Indirect | By RLB Market Investments LLC |
| No | 4 | X | Indirect | By RLB Market Investments LLC |
| No | 4 | S | Indirect | By RLB Market Investments LLC |
| No | 4 | X | Indirect | By NextPlat Corp |
| No | 4 | S | Indirect | By NextPlat Corp |
| No | 4 | X | Indirect | By NextPlat Corp |
| No | 4 | S | Indirect | By NextPlat Corp |
| No | 4 | X | Indirect | By NextPlat Corp |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Common Stock Warrants | Acquisiton | 2023-07-01 | 228,240 | $0.00 | 228,240 | $2.20 |
| Common Stock | Common Stock Warrants | Acquisiton | 2023-07-01 | 30,000 | $0.00 | 30,000 | $2.20 |
| Common Stock | Common Stock Warrants | Acquisiton | 2023-07-01 | 455,000 | $0.00 | 455,000 | $2.20 |
| Common Stock | Common Stock Warrants | Acquisiton | 2023-07-01 | 340,599 | $0.00 | 340,599 | $2.20 |
| Common Stock | Common Stock Warrants | Acquisiton | 2023-07-01 | 230,000 | $0.00 | 230,000 | $2.20 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2023-05-09 | 2028-05-09 | No | 4 | X | Indirect |
| 0 | 2023-05-09 | 2026-05-09 | No | 4 | X | Indirect |
| 0 | 2023-05-09 | 2026-05-09 | No | 4 | X | Indirect |
| 0 | 2023-05-09 | 2026-05-09 | No | 4 | X | Indirect |
| 0 | 2023-05-09 | 2028-05-09 | No | 4 | X | Indirect |
Footnotes
- On July 1, 2023, RLB Market Investments LLC exercised a Conversion Warrant to purchase 228,240 shares of RXMD common stock for $2.20 a share. RLB Market Investments LLC paid the exercise price on a cashless basis, resulting in RXMD's withholding of 112,838 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 115,402 shares.
- On July 1, 2023, RLB Market Investments LLC exercised an Inducement Warrant to purchase 30,000 shares of RXMD common stock for $2.20 a share. The Reporting Person paid the exercise price on a cashless basis, resulting in RXMD's withholding of 14,831 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 15,169 shares.
- On July 1, 2023, NextPlat Corp exercised a Warrant to purchase 455,000 shares of RXMD common stock for $2.20 a share. NextPlat Corp paid the exercise price on a cashless basis, resulting in RXMD's withholding of 224,944 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 230,056 shares.
- On July 1, 2023, NextPlat Corp exercised a Conversion Warrant to purchase 340,599 shares of RXMD common stock for $2.20 a share. NextPlat Corp paid the exercise price on a cashless basis, resulting in RXMD's withholding of 168,386 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 172,213 shares.
- On July 1, 2023, NextPlat Corp, exercised a Conversion Warrant to purchase 230,000 shares of RXMD common stock for $2.20 per share. NextPlat Corp paid the exercise price on a cash basis.
- The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- The Reporting Person is the president of RLB Market Investments LLC.
- Includes 33,261 shares of common stock directly held by the Reporting Person; 1,071,251 shares of common stock held indirectly by NextPlat Corp., of which the Reporting Person is a director; and 239,604 shares of common stock held indirectly by RLB Market Investments LLC, of which the Reporting person is the president.
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