Insider filing report for Changes in Beneficial Ownership
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Remarks: On July 16, 2025, Sharps Technology, Inc. (the "Company") entered into a Subscription and Investment Representation Agreement (the "Subscription Agreement") with Paul K. Danner, its Executive Chairman, who is an accredited investor (the "Purchaser"), pursuant to which the Company agreed to issue and sell five (5) shares of the Company's Series B Preferred Stock, par value $0.001 per share (the "Preferred Stock"), to the Purchaser for an aggregate purchase price of $100.00, $20.00 per share of Preferred Stock. The sale closed on July 17, 2025. The Subscription Agreement contains customary representations and warranties and certain indemnification rights and obligations of the parties. Additionally, on July 16, 2025, the Company filed a certificate of designation (the "Certificate of Designation") with the Secretary of State of Nevada, effective 12:00 p.m. PDT, designating the rights, preferences, privileges and restrictions of the shares of Preferred Stock. The Certificate of Designation provides that each share of Preferred Stock will have 220,000 votes and will vote together with the outstanding shares of the Company's common stock as a single class exclusively with respect to a proposal to amend the Company's articles of incorporation, as amended, to increase the number of authorized shares of common stock of the Company. |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.