SEC Form 4 · accession 0001213900-18-012148
Sysorex, Inc. · SYSX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nadir Ali
Director
Period of report
Aug 31, 2018
Accepted (ET)
Sep 5, 2018 · 8:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001737372
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF3,F4 | Aug 31, 2018 | P$0 | 1,000,000 | — | A | 1,000,000 | I | By Sysorex Consulting, Inc. |
| Common StockF1 | holding | — | — | — | 422 | D | ||
| Common StockF1,F2 | holding | — | — | — | 40 | I | By Qureishi Ali Grandchildren Trust | |
| Common StockF1 | holding | — | — | — | 203 | I | By Lubna Qureishi (wife) | |
| Common StockF1 | holding | — | — | — | 27 | I | By Naheed Qureishi (mother-in-law) | |
| Common StockF1,F5 | holding | — | — | — | 412 | I | By the Qureishi 1998 Family Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects shares of common stock received in a pro-rata distribution upon completion of the spin-off of Sysorex, Inc. from Inpixon.
- F2The shares are held directly by the Qureishi Ali Grandchildren Trust (the "Ali Grandchildren Trust"). The reporting person is a trustee of the Ali Grandchildren Trust and may be deemed to share voting and dispositive power with regard to the reported shares held by the Ali Grandchildren Trust.
- F3Pursuant to that certain Trademark License Agreement, effective as of August 31, 2018, by and between Sysorex, Inc. ("Sysorex") and Sysorex Consulting, Inc. ("Sysorex Consulting") Sysorex agreed to issue 1,000,000 shares of common stock to Sysorex Consulting as part of the consideration for the trademark license granted by Sysorex Consulting.
- F4The shares are held directly by Sysorex Consulting, a company controlled by the reporting person's farther-in-law, A. Salam Qureishi.
- F5The shares are held of record by the Qureishi 1998 Family Trust, of which the reporting person's father-in-law, A. Salam Qureishi, is the sole trustee.