Convertible Note exercise

In 2012, Nancy invested $25,000 into Relevance, a search- based marketing firm as part of a $300,000 family and friends round. She received a convertible note with a $2,000,000 cap and a 20% discount.

In 2014, Garrett invested $100,000 into Relevance as part of a$500,000 seed round. He received a convertible note with a $3,000,000 cap and a 25% discount.

In 2015, Relevance still had not developed its core business enough to attract Venture Capital and was forced to raise capital as part of a 2nd seed round. Garrett agreed to invest another $100,000 and received an uncapped note with a 30% discount to a qualified funding round.

In 2017, Shasta Ventures agreed to invest $3,000,000 in exchange for 35% of the equity. Based on the cap table, there were 5,000,000 outstanding shares "prior" to Shasta's agreed upon investment.

Determine the amount of shares Nancy and Garrett will receive at the closing of the Shasta investment.