Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Rule 13d-102)
Amendment No. 3
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(b)
ORBSAT CORP
(Name of Issuer)
COMMON STOCK, PAR VALUE $.0001 PER SHARE
(Title of Class of Securities)
68557F100
(CUSIP Number)
Jenna Foster
c/o Orbsat Corp
18851 NE 29th Avenue, Suite 700
Aventura, Florida 33180
(305) 560-5355
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 15, 2020
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| [ ] | Rule 13d-1(b) | |
| [X] | Rule 13d-1(c) | |
| [ ] | Rule 13d-1(d) |
| CUSIP No. 68557F100 | ||
| 1 | NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
|
| Jenna Foster | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) [ ] |
| (b) [ ] | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| UK |
| NUMBER OF | 5 | SOLE VOTING POWER |
| SHARES | ||
| 49,559 | ||
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| OWNED BY | ||
| 0 | ||
| EACH | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | ||
54,837 (1) | ||
| PERSON WITH | 8 | SHARED DISPOSITIVE POWER |
| 0 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| 54,837 (1) | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | |
| 2.29%. (Based on 2,389,946 shares of the Company’s stock outstanding as of September 14, 2020) | ||
| 12 | TYPE OF REPORTING PERSON* | |
| IN | ||
| (1) | Includes options to purchase 5,278 shares of common stock, which options have an exercise price of $22.50 per share, are exercisable and vest immediately, and have a term of 10 years. The Reporting Person has no rights as a shareholder with respect to any shares of common stock covered by such options (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) until the date of issue of a stock certificate to the Reporting Person for such common shares. |
| Item 1(a). | Name of Issuer: |
Orbsat Corp
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
18851 NE 29th Avenue, Suite 700
Aventura, FL 33180
| Item 2(a). | Name of Person Filing. |
This statement is being filed by Jenna Foster (the “Reporting Person”).
| Item 2(b). | Address of Principal Business Office or, if None, Residence. |
18851 NE 29th Avenue, Suite 700
Aventura, FL 33180
| Item 2(c). | Citizenship. |
United Kingdom
| Item 2(d). | Title of Class of Securities. |
Common Stock, par value $0.0001 per share.
| Item 2(e). | CUSIP Number. |
68557F100
| Item 3. | Type of Person |
IN
| Item 4. | Ownership. |
(a) Amount beneficially owned: 54,837 (1)
(b) Percent of class: 2.29%. (Based on 2,389,946 shares of the Company’s stock outstanding as of September 14, 2020).
(c) Number of shares as to which the person has:
| (i) | Sole power to vote or to direct the vote: 49,559 | ||
| (ii) | Shared power to vote or to direct the vote: 0 | ||
| (iii) | Sole power to dispose or to direct the disposition of: 54,837 (1) | ||
| (iv) | Shared power to dispose or to direct the disposition of: 0 |
| (1) | Includes options to purchase 5,278 shares of common stock, which options have an exercise price of $22.50 per share, are exercisable and vest immediately, and have a term of 10 years. The Reporting Person has no rights as a shareholder with respect to any shares of common stock covered by such options (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) until the date of issue of a stock certificate to the Reporting Person for such common shares. |
| Item 5. | Ownership of Five Percent or Less of a Class. |
Not applicable.
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not Applicable
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported by the Parent Holding Company. |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group. |
Not applicable.
| Item 9. | Notice of Dissolution of Group. |
Not applicable.
| Item 10. | Certifications. |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| Dated: September 15, 2020 | /s/ Jenna Foster |
| Jenna Foster |