Sec Form 4 Filing - Ferdinand Brian @ LUXURBAN HOTELS INC. - 2022-12-20

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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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1. Name and Address of Reporting Person
Ferdinand Brian
2. Issuer Name and Ticker or Trading Symbol
LUXURBAN HOTELS INC. [ LUXH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
2125 BISCAYNE BLVD., SUITE 253
3. Date of Earliest Transaction (MM/DD/YY)
12/20/2022
(Street)
MIAMI, FL33137
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 16,343,443 I by THA Holdings LLC( 1 )
Common Stock 512,500 I by THA Family II Holdings LLC( 2 )
Common Stock 128,333 I by SuperLuxMia LLC( 3 )
Common Stock 115,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Make-Whole Right (Obligation to Sell) ( 4 ) 12/20/2022 J 1,000,000 ( 5 ) ( 6 ) Common Stock 1,000,000 $ 0 1,000,000 I by THA Holdings LLC
Warrants $ 4.2 08/12/2022 08/12/2027 Common Stock 250,000 250,000 I by THA Family II Limited Liability Company( 7 )
Warrants $ 4.2 08/12/2022 08/12/2027 Common Stock 112,500 112,500 I by THA Family II Limited Liability Company( 8 )
Warrants $ 4.2 08/12/2022 08/12/2027 Common Stock 55,000 55,000 I by SuperLuxMia LLC( 9 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ferdinand Brian
2125 BISCAYNE BLVD.
SUITE 253
MIAMI, FL33137
X X Chief Executive Officer
Signatures
Brian Ferdinand 12/20/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )THA Holdings LLC is an entity owned and operated by the Reporting Person.
( 2 )THA Family II Limited Liability Company is an entity owned and operated by the Reporting Person.
( 3 )SuperLuxMia LLC is an entity owned and operated by the Reporting Person.
( 4 )In connection with the transaction described in the Issuer's Current Report filed on Form 8-K, dated December 20, 2022, Mr. Ferdinand has agreed to personally and individually pay to Greenle, without cost to the Company, any difference in the aggregate amount Greenle realizes in public or private sales of the shares of the Issuer's common stock received by Greenle upon conversion of $3 million principal amount of Issuer's debt held by Greenle and such $3 million of debt so converted through the delivery to Greenle of up to 1,000,000 shares of the Issuer's common stock currently owned by Ferdinand (all of which have been placed in escrow to secure such obligation) and thereafter, if any such shortfall is not fully covered by delivery of such shares, cash. Mr. Ferdinand continues to own shares and vote such shares, until such time, if ever, that this Make-Whole obligation is triggered.
( 5 )There is no precise exercisable date in this instance because the Make-Whole obligation is contingent upon the occurrence of certain events as part of the transaction reported on the Issuer's Current Report on Form 8-K, dated December 20, 2022.
( 6 )There is no precise expiration date in this instance because the Make-Whole obligation is contingent upon the occurrence of certain events as part of the transaction reported on the Issuer's Current Report on Form 8-K, dated December 20, 2022.
( 7 )Comprised of underlying shares of the Issuer's common stock issuable upon exercise of the THA Contingent Warrants owned by THA Family II Limited Liability Company.
( 8 )Comprised of shares of the Issuer's common stock underlying the 2022 Insider Bridge Warrant owned by THA Family II Limited Liability Company.
( 9 )Comprised of shares of the Issuer's common stock underlying the 2022 Insider Bridge Warrant owned by SuperLuxMia LLC.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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