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

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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).

1. Name and Address of Reporting Person^*

Herzog John E

(Last) (First) (Middle)

C/O HERZOG & CO., LLC, 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)
08/16/2022

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	08/16/2022		S		1,759	D	$1.64	2,136,342	D
Common Stock	08/16/2022		S		2,905	D	$1.63	2,133,437	D
Common Stock	08/18/2022		S		2,800	D	$1.59	2,130,637	D
Common Stock	08/18/2022		S		7,400	D	$1.56	2,123,237	D
Common Stock	08/18/2022		S		10	D	$1.58	2,123,227	D
Common Stock	08/22/2022		S		120	D	$1.37	2,123,107	D
Common Stock	08/22/2022		S		996	D	$1.35	2,122,111	D
Common Stock	08/25/2022		S		247	D	$1.18	2,121,864	D
Common Stock	08/25/2022		S		6,053	D	$1.17	2,115,811	D
Common Stock	08/25/2022		S		14,290	D	$1.16	2,101,521	D
Common Stock	08/25/2022		S		9,987	D	$1.15	2,091,534	D
Common Stock	08/25/2022		S		7,708	D	$1.14	2,083,826	D
Common Stock	08/25/2022		S		1,100	D	$1.12	2,082,726	D
Common Stock	08/25/2022		S		3,941	D	$1.11	2,078,785	D
Common Stock	08/26/2022		S		6,503	D	$1.14	2,072,282	D
Common Stock	08/26/2022		S		6,000	D	$1.12	2,066,282	D
Common Stock	08/26/2022		S		6,097	D	$1.13	2,060,185	D
Common Stock	08/29/2022		S		8,400	D	$1.16	2,051,785	D
Common Stock	08/29/2022		S		6,800	D	$1.18	2,044,985	D
Common Stock	08/30/2022		S		40,331	D	$1.8	2,004,654	D
Common Stock	08/30/2022		S		11,068	D	$1.81	1,993,586	D
Common Stock	08/30/2022		S		100	D	$1.82	1,993,486	D
Common Stock	08/30/2022		S		13,401	D	$1.79	1,980,085	D
Common Stock	08/30/2022		S		3,900	D	$1.77	1,976,185	D
Common Stock	08/30/2022		S		16,000	D	$1.76	1,960,185	D
Common Stock	08/30/2022		S		460	D	$1.88	1,959,725	D
Common Stock	08/30/2022		S		5,263	D	$1.87	1,954,462	D
Common Stock	08/30/2022		S		6,877	D	$1.86	1,947,585	D
Common Stock	08/30/2022		S		1,600	D	$1.95	1,945,985	D
Common Stock	08/30/2022		S		3,408	D	$1.94	1,942,577	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							(1)	(1)	Common Stock	401,333(1)		3,612	D
Series A Warrants	$9							08/11/2020	08/11/2025	Common Stock	802,875		802,875	D
Series B Warrants	$4.5							08/11/2020	08/11/2025	Common Stock	200,719		200,719	D

Explanation of Responses:

1. 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 long term indebtedness is repaid in full and there is no further outstanding obligations regarding such indebtedness.

	/s/ John E. Herzog	09/02/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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