4//SEC Filing
BERMAN ROBERT ALAN 4
Accession 0000921895-21-002296
CIK 0001697851other
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 4:33 PM ET
Size
12.9 KB
Accession
0000921895-21-002296
Insider Transaction Report
Form 4
BERMAN ROBERT ALAN
DirectorChief Executive Officer
Transactions
- Other
Common Stock
2021-09-15−2,725,836→ 0 total(indirect: By LLC) - Other
Common Stock
2021-09-15+849,999→ 925,219 total - Gift
Common Stock
2021-09-15−775,000→ 2,165,104 total(indirect: By Avon Road Partners, L.P.)
Avon Road Partners, L.P.
10% Owner
Transactions
- Other
Common Stock
2021-09-15+849,999→ 925,219 total - Other
Common Stock
2021-09-15−2,725,836→ 0 total(indirect: By LLC) - Gift
Common Stock
2021-09-15−775,000→ 2,165,104 total(indirect: By Avon Road Partners, L.P.)
Rekor Holdings LLC
10% Owner
Transactions
- Other
Common Stock
2021-09-15+849,999→ 925,219 total - Gift
Common Stock
2021-09-15−775,000→ 2,165,104 total(indirect: By Avon Road Partners, L.P.) - Other
Common Stock
2021-09-15−2,725,836→ 0 total(indirect: By LLC)
Footnotes (6)
- [F1]On September 15, 2021, Rekor Holdings LLC dissolved and distributed its assets in accordance with the its organizational documents in a transaction exempt from Section 16 pursuant to Rule 16a-13 or otherwise. As a result, Rekor Holdings LLC distributed shares 2,725,836 of Common Stock to its members pro rata pursuant to the terms of the operating agreement, including Mr. Berman who received 849,999 shares of Common Stock.
- [F2]Consists of 26,610 Restricted Stock Units ("RSUs") which shall vest on March 15, 2022.
- [F3]As a result of the transactions disclosed herein the reporting persons are no longer 10% owners of the Common Stock.
- [F4]Mr. Berman was the manager of Rekor Holdings LLC and maintained voting and dispositive power over the Common Stock.
- [F5]Avon Road Partners, L.P. ("Avon Road") transferred 775,000 shares of Common Stock to a trust of which Avon Road is a beneficiary, but has no investment control over the securities held by the trust. The reporting persons no longer have a beneficial ownership in the transferred shares.
- [F6]Mr. Berman is the general partner of Avon Road.
Documents
Issuer
Rekor Systems, Inc.
CIK 0001697851
Entity typeother
Related Parties
1- filerCIK 0001169337
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 4:33 PM ET
- Size
- 12.9 KB