# EDGAR Filing Document

**Accession Number:** 0001314196
**File Stem:** 0001213900-23-011732
**Filing Date:** 2023-2
**Character Count:** 8536
**Document Hash:** affa944cf90a7d40de921f0180b82272
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-011732.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001213900-23-011732

**CONFORMED SUBMISSION TYPE**: 5

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Herzog John E
- **CENTRAL INDEX KEY:** 0001291393

**FILING VALUES:**
- **FORM TYPE:** 5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39435
- **FILM NUMBER:** 23633124

**MAIL ADDRESS:**
- **STREET 1:** C/O HERZOG & CO., INC.
- **STREET 2:** 824 HARBOR ROAD
- **CITY:** SOUTHPORT
- **STATE:** CT
- **ZIP:** 06890
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OLB GROUP, INC.
- **CENTRAL INDEX KEY:** 0001314196
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **IRS NUMBER:** 133712553
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1120 AVENUE OF THE AMERICAS
- **STREET 2:** 4TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-278-0900

**MAIL ADDRESS:**
- **STREET 1:** 1120 AVENUE OF THE AMERICAS
- **STREET 2:** 4TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 5

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Herzog John E<br><sub>(Last) (First) (Middle)</sub><br>824 HARBOR ROAD<br><sub>(Street)</sub><br>SOUTHPORT,, CT 06890<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2022-12-31 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>OLB GROUP, INC. [ OLB ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2022-11-28 |  | P | V | 2582<sup>(1)</sup> | A | $0.8267 | 345606 | D |  |
| Common Stock | 2022-11-28 |  | P | V | 5000<sup>(1)</sup> | A | $0.8166 | 5000 | I | Held in an Individual Retirement Account |
| Common Stock | 2022-11-28 |  | P | V | 2200<sup>(1)</sup> | A | $0.8300 | 7200 | I | Held in an Individual Retirement Account |
| Common Stock | 2022-11-28 |  | P | V | 400<sup>(1)</sup> | A | $0.8299 | 7600 | I | Held in an Individual Retirement Account |
| Common Stock | 2022-11-28 |  | P | V | 2400<sup>(1)</sup> | A | $0.8400 | 10000 | I | Held in an Individual Retirement Account |
| Common Stock | 2022-12-02 |  | P | V | 3500<sup>(1)</sup> | A | $0.8689 | 349106 | D |  |
| Common Stock | 2022-12-02 |  | P | V | 11000<sup>(1)</sup> | A | $0.8600 | 360106 | D |  |
| Common Stock | 2022-12-02 |  | P | V | 7000<sup>(1)</sup> | A | $0.8599 | 367106 | D |  |
| Common Stock | 2022-12-06 |  | P | V | 2500<sup>(1)</sup> | A | $0.8678 | 369606 | D |  |
| Common Stock | 2022-12-06 |  | P | V | 5000<sup>(1)</sup> | A | $0.8400 | 374606 | D |  |
| Common Stock | 2022-12-12 |  | P | V | 5000<sup>(1)</sup> | A | $0.8161 | 379606 | D |  |
| Common Stock | 2022-12-13 |  | P | V | 3000<sup>(1)</sup> | A | $0.8900 | 382606 | D |  |
| Common Stock | 2022-12-14 |  | C | V | 504910 | A | 0.00<sup>(3)</sup> | 887516 | D |  |
| Common Stock | 2022-12-29 |  | P | V | 4000<sup>(1)</sup> | A | $0.8902 | 386606 | D |  |
| Common Stock | 2022-12-29 |  | P | V | 2920<sup>(1)</sup> | A | $0.9197 | 389526 | D |  |
| Common Stock | 2022-12-29 |  | P | V | 10000<sup>(1)</sup> | A | $0.9196 | 399526 | D |  |
| Common Stock | 2022-12-29 |  | P | V | 80<sup>(1)</sup> | A | $0.9149 | 399606 | D |  |
| Common Stock | 2022-12-29 |  | P | V | 3000<sup>(1)</sup> | A | $0.9572 | 402606 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Series A Convertible Preferred Stock | $9.00 | 2022-12-14 |  | C<sup>(2)</sup> | V |  | 3612 | <sup>(3)</sup> | <sup>(3)</sup> | Common Stock | 504910<sup>(3)</sup> | 0.00<sup>(3)</sup> | 0 | D |  |

---

### Footnotes:

(1) The purchases of the registrant's Common Stock reported herein and certain other purchases of the registrant's Common Stock reported on a Form 4 being filed by the Reporting Person on the date hereof were matchable under Section 16(b) of the Securities Exchange Act of 1934 against prior sales of the registrant's Common Stock owned directly or indirectly by the Reporting Person and previously reported on an amended Form 4 filed by the Reporting Person on the date hereof, to the extent of 110,000 shares. The Reporting Person has agreed to pay to the registrant $114,654.46, representing the full amount of profit realized in connection with the short-swing transactions.

(2) Represents the conversion of 3,612 shares of Series A Preferred Stock held of record by the Reporting Person into shares of Common Stock of the registrant.

(3) The Series A Preferred Stock was converted into shares of Common Stock of the registrant on December 14, 2022, at the option of the Reporting Person, at a rate determined by dividing (a) the stated value per share ($1,000) of the Series A Preferred Stock plus accrued and unpaid dividends thereon by (b) the conversion price thereof ($9.00 per share)

**Signature:** /s/ John E. Herzog  
**Date:** 2023-02-14

### Remarks:

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.**