The OLB Group, Inc. (OLB) Form 4 OLB / John E Herzog ownership change

SEC Form 4

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

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Herzog John E

(Last) (First) (Middle)

C/O HERZOG & CO., INC., 824 HARBOR ROAD

(Street)

SOUTHPORT, CT 06890

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OLB GROUP, INC. [ OLB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 (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
Common Stock	05/21/2021		S		744	D	$4.97	42,807	I	By Herzog & Co., LLC(1)
Common Stock	05/21/2021		S		933	D	$4.99	41,874	I	By Herzog & Co., LLC(1)
Common Stock	05/21/2021		S		100	D	$5	41,774	I	By Herzog & Co., LLC(1)
Common Stock	05/12/2021		S		100	D	$5.01	41,674	I	By Herzog & Co., LLC(1)
Common Stock	05/21/2021		S		1,725	D	$5.15	39,949	I	By Herzog & Co., LLC(1)
Common Stock	05/21/2021		S		2,728	D	$4.98	37,221	I	By Herzog & Co., LLC(1)
Common Stock	05/21/2021		S		1,100	D	$5.06	36,121	I	By Herzog & Co., LLC(1)
Common Stock	05/21/2021		S		2,233	D	$5.07	33,888	I	By Herzog & Co., LLC(1)
Common Stock	05/21/2021		S		672	D	$5.03	33,216	I	By Herzog & Co., LLC(1)
Common Stock	05/21/2021		S		2,621	D	$5.1	30,595	I	By Herzog & Co., LLC(1)
Common Stock	05/21/2021		S		104	D	$5.12	30,491	I	By Herzog & Co., LLC(1)
Common Stock								28,524	I	By John E. Herzog Revocable Trust u/a 02/07/2014(2)
Common Stock								2,700	I	Held in an Individual Retirement Account
Common Stock								2,085,232	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 (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
Series A Convertible Preferred Stock	$9							(3)	(3)	Common Stock	3,612		3,612	D
Series A Warrants(2)	$9							08/11/2020	08/11/2025	Common Stock	802,875		802,875	D
Series B Warrants(2)	$4.5							08/11/2020	08/11/2025	Common Stock	200,719		200,719	D

Explanation of Responses:

1. These shares are held by Herzog & Co., LLC. The Reporting Person has sole voting and dispositive power with regard to the shares held by Herzog & Co., LLC. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest herein, if any.

2. These shares are held by John E Herzog, Trustee, John E. Herzog Revocable Trust U/A/D 02/07/2014. The Reporting Person serves as a trustee of the John E. Herzog Revocable Trust U/A/D 02/07/2014.

3. The Series A Preferred Stock are convertible into shares of Common Stock of the registrant, at the option of the reporting person, on or after the date on which certain of the registrant's longterm indebtedness is repaid in full and there is no further outstanding obligations regarding such indebtedness.

	/s/ John Herzog	05/25/2021
	** 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.