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Sec Form 4 Filing - El-Batrawi Ramy @ EVmo Inc. - 2021-02-26

  1. About Form 4 Filing: Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security. The initial filing is on Form 3 and changes are reported on Form 4. The Annual Statement of beneficial ownership of securities is on Form 5. The forms contain information on the reporting person's relationship to the company and on purchases and sales of such equity securities.
  2. Form 4 is stored in SEC's EDGAR database. EDGAR is Electronic Data Gathering, Analysis and Retrieval System. It is a registered trademark of the SEC.

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Washington, D.C. 20549
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
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person *
El-Batrawi Ramy
2. Issuer Name and Ticker or Trading Symbol
EVmo, Inc. [ YAYO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (MM/DD/YY)
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
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 02/26/2021 S 6,000,000 D $ 0.8333 2,297,195 I See footnote ( 2 )
Common Stock 03/01/2021 C( 1 ) 960,550 A $ 0.215 ( 2 ) 3,257,745 I See footnote ( 3 )
Common Stock 03/02/2021 G 100,000 D $ 0 3,157,745 I See footnote ( 3 )
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
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
Incentive Stock Option $ 0.215 ( 2 ) 03/02/2021 03/02/2021 C( 1 ) 1,000,000 ( 4 ) 07/08/2025 Common Stock 1,000,000 $ 0.215 ( 2 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
El-Batrawi Ramy
X Chief Executive Officer
/s/ Ramy El-Batrawi 03/05/2021
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares of common stock were acquired by the Reporting Person pursuant to the exercise of incentive stock options granted to the Reporting Person on July 8, 2020.
( 2 )The shares of common stock were acquired pursuant to a cashless exercise of 1,000,000 incentive stock options granted to the Reporting Person on July 8, 2020. The incentive stock options were exercised at a price of $0.2150 per the terms of the option grant, for a total valuation of $215,000. As of 2/19/2021, the trading day prior to the date the Reporting Person requested the exercise, the closing price per share of common stock was $5.45. Accordingly, the cashless exercise resulted in 39,450 common shares used as consideration to acquire a net 960,550 common shares.
( 3 )Shares of common stock beneficially owned by the Reporting Person are held of record by X, LLC, which is an entity that is wholly-owned and controlled by the Reporting Person. The Reporting Person has voting and dispositive control over any securities owned of record by X, LLC.
( 4 )The Incentive Stock Options were originally granted to the Reporting Person on July 8, 2020 with 500,000 options vesting immediately, thereafter the remaining 500,000 options would vest quarterly over 2 years. In connection with the Reporting Person's resignation as Chief Executive Officer of the Issuer, the board of directors agreed to accelerate the vesting of all options so that such options fully vested effective upon his resignation.

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.