CFO and COO Prasad Priya bought $13,257 worth of shares (14,448 units at $0.92) and sold $10,144 worth of shares (4,153 units at $2.44) (SEC Form 4)
$SYRA
Diversified Commercial Services
Consumer Discretionary
| FORM 4 |
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 or Section 30(h) of the Investment Company Act of 1940 |
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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). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Syra Health Corp [ SYRA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/29/2023 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 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 | ||||||
| Class A Common Stock | 09/29/2023 | P | 918 | A | $3.3 | 918 | I | See footnote(1) | ||
| Class A Common Stock | 10/03/2023 | P | 2,400 | A | (2) | 3,318 | I | See footnote(1) | ||
| Class A Common Stock | 10/05/2023 | S | 918 | D | $3.19 | 2,400 | I | See footnote(1) | ||
| Class A Common Stock | 10/09/2023 | P | 1,000 | A | $2.66 | 3,400 | I | See footnote(1) | ||
| Class A Common Stock | 12/01/2023 | P | 435 | A | $1.23(3) | 3,835 | I | See footnote(1) | ||
| Class A Common Stock | 12/04/2023 | P | 4,271 | A | $1.14(4) | 8,106 | I | See footnote(1) | ||
| Class A Common Stock | 12/04/2023 | S | 735 | D | $1.15(5) | 7,371 | I | See footnote(1) | ||
| Class A Common Stock | 12/05/2023 | P | 10 | A | $1.21 | 7,381 | I | See footnote(1) | ||
| Class A Common Stock | 12/05/2023 | S | 2,000 | D | $1.31 | 5,381 | I | See footnote(1) | ||
| Class A Common Stock | 12/06/2023 | P | 50 | A | $1.22 | 5,431 | I | See footnote(1) | ||
| Class A Common Stock | 12/07/2023 | P | 10 | A | $1.22 | 5,441 | I | See footnote(1) | ||
| Class A Common Stock | 12/08/2023 | P | 50 | A | $1.23 | 5,491 | I | See footnote(1) | ||
| Class A Common Stock | 12/21/2023 | P | 1 | A | $1.18 | 5,492 | I | See footnote(1) | ||
| Class A Common Stock | 02/08/2024 | S | 500 | D | $7.5 | 4,992 | I | See footnote(1) | ||
| Class A Common Stock | 09/12/2024 | P | 5,303 | A | $0.38 | 10,295 | I | See footnote(1) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 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 (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (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: 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 | ||||||||
| Class A Common Stock Warrants (right to buy) | $6.5 | 10/03/2023 | P | 2,400 | 10/03/2023 | 10/03/2028 | Class A Common Stock | 2,400 | (2) | 2,400 | I | See footnote(1) | |||
| Explanation of Responses: |
| 1. Held beneficially by the spouse of the Reporting Person. |
| 2. The reported securities are included within 2,400 units ("Units") purchased by the spouse of the Reporting Person for $4.125 per Unit. Each Unit consists of: (i) one share of Class A Common Stock and (ii) one warrant to purchase one share of Class A Common Stock at an exercise price equal to $6.50 per share, exercisable until the fifth anniversary of the issuance date. |
| 3. This purchase price reflects a weighted average of multiple prices ranging from $1.20 to $1.28. Full information regarding the number of shares purchased at each price will be provided to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer upon request. |
| 4. This purchase price reflects a weighted average of multiple prices ranging from $1.05 to approximately $1.21. Full information regarding the number of shares purchased at each price will be provided to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer upon request. |
| 5. This sales price reflects a weighted average of multiple prices ranging from $1.12 to $1.15. Full information regarding the number of shares sold at each price will be provided to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer upon request. |
| Remarks: |
| Certain of the transactions reported herein are matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended. The Reporting Person has paid the Issuer an aggregate of approximately $8,577, representing the full amount of the profit realized in connection with the short-swing transactions. |
| /s/ Priya Prasad | 09/13/2024 | |
| ** Signature of Reporting Person | Date | |
| 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. | ||