Selling Stockholder definition

Selling Stockholder means any Stockholder owning Registrable Shares included in a Registration Statement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Selling Stockholder has the meaning set forth in Section 3.04(a).

Selling Stockholder has the meaning set forth in Section 5.6(a).

Examples of Selling Stockholder in a sentence

Each Selling Stockholder has informed the Company that it does not have any written or oral agreement or understanding, directly or indirectly, with any person to distribute the securities.
The Company and the Selling Stockholder shall have furnished all required materials to the Transfer Agent to reflect the issuance and sale, as applicable, of the Shares at the Closing.
The Company and the Selling Stockholder acknowledge and each Investor confirms that it has independently participated in the negotiation of the transaction contemplated hereby with the advice of its own counsel and advisors.
The Selling Stockholder is not (i) an employee benefit plan subject to Title I of ERISA, (ii) a plan or account subject to Section 4975 of the Code or (iii) an entity deemed to hold “plan assets” of any such plan or account under Section 3(42) of ERISA, 29 C.F.R. 2510.03-101, or otherwise.
The Selling Stockholder has not taken, nor will it take, directly or indirectly, any action designed to stabilize or manipulate the price of the Common Stock to facilitate the sale or resale of the Shares.

More Definitions of Selling Stockholder

Selling Stockholder means a Purchaser, its executive officers and directors and each person, if any, who controls that Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act;

Selling Stockholder shall have the meaning set forth in Section 2.2(a).

Selling Stockholder means the Investor and any affiliate of such Investor;

Selling Stockholder shall include the Investor and each person, if any, who controls the Investor within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act;

Selling Stockholder shall have the meaning ascribed to it in Section 4.3.

Selling Stockholder means Nomis Bay. The number of shares in the column “Maximum Number of Shares of Common Stock to be Offered Pursuant to this Prospectus” represents all of the shares of common stock that the selling stockholder may offer under this prospectus. The selling stockholder may sell some, all or none of its shares in this offering. We do not know how long the selling stockholder will hold the shares before selling them, and we currently have no agreements, arrangements or understandings with the selling stockholder regarding the sale of any of the shares. Beneficial ownership is determined in accordance with Rule 13d-3(d) promulgated by the SEC under the Exchange Act, and includes shares of common stock with respect to which the selling stockholder has voting and investment power. The percentage of shares of common stock beneficially owned by the selling stockholder prior to the offering shown in the table below is based on an aggregate of ____________ shares of our common stock outstanding on ___________, 20__. Because the purchase price of the shares of common stock issuable under the Purchase Agreement is determined on each settlement date, the number of shares that may actually be sold by the Company under the Purchase Agreement may be fewer than the number of shares being offered by this prospectus. The fourth column assumes the sale of all of the shares offered by the selling stockholder pursuant to this prospectus. Name of Selling Stockholder Number of Shares of Common Stock Owned Prior to Offering Maximum Number of Shares of Common Stock to be Offered Pursuant to this Prospectus Number of Shares of Common Stock Owned After Offering Nomis Bay Ltd. (4) 0 * _________ * Represents beneficial ownership of less than one percent of the outstanding shares of our common stock.

Selling Stockholder has the meaning assigned to such term in Section 4.1(a).