Filing Details

Accession Number:
0001213900-22-005543
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-02-04 17:07:34
Reporting Period:
2022-01-03
Accepted Time:
2022-02-04 17:07:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1314196 Olb Group Inc. OLB () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1291393 E John Herzog C/O Herzog &Amp; Co., Llc, 824
Harbor Road
Southport, CT 06890
No 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 2022-01-03 290,050 $0.00 2,313,011 No 4 A Direct
Common Stock Disposition 2022-01-05 75,000 $0.00 2,238,011 No 4 S Direct
Common Stock Disposition 2022-02-02 50,000 $2.30 2,188,011 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 28,524 Indirect By John E. Herzog Revocable Trust u/a 02/07/2014
Common Stock 2,700 Indirect Held in an Individual Retirement Account
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Series A Convertible Preferred Stock $9.00 401,333 3,612 Direct
Common Stock Series A Warrants $9.00 2020-08-11 2025-08-11 802,875 802,875 Direct
Common Stock Series B Warrants $4.50 2020-08-11 2025-08-11 200,719 200,719 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
401,333 3,612 Direct
2025-08-11 802,875 802,875 Direct
2025-08-11 200,719 200,719 Direct
Footnotes
  1. Shares issued pursuant to the closing of a Stock Exchange Agreement dated January 3, 2022 (the "Agreement") between the Reporting Person and the Issuer. The value of the Shares was, for purposes of the Agreement, based on the closing trading price of the Company on October 1, 2021 (the date on which a third-party fairness opinion was issued), which was $4.02 per share.
  2. 75,000 shares were sold for a total sale price of $1.00.
  3. These shares are held by John E Herzog, Trustee, John E. Herzog Revocable Trust U/A/D 02/07/2014. The Reporting Person serves as a trustee of the John E. Herzog Revocable Trust U/A/D 02/07/2014.
  4. The Series A Preferred Stock are convertible into shares of Common Stock of the registrant, at the option of the reporting person, on or after the date on which certain of the registrant's long term indebtedness is repaid in full and there is no further outstanding obligations regarding such indebtedness.