BERMAN ROBERT ALAN 4
4 · Rekor Systems, Inc. · Filed Jun 26, 2024
Insider Transaction Report
Form 4
BERMAN ROBERT ALAN
DirectorChief Executive Officer
Transactions
- Gift
Warrants (right to buy)
2024-06-18−1,000,000→ 0 totalExercise: $2.00From: 2023-01-18Exp: 2028-01-18→ Common Stock (1,000,000 underlying) - Gift
Warrants (right to buy)
2024-06-18+1,000,000→ 1,000,000 total(indirect: By Avon Road Partners, L.P.)Exercise: $2.00From: 2023-01-18Exp: 2028-01-18→ Common Stock (1,000,000 underlying) - Exercise Out-of-Money
Warrants (right to buy)
2024-06-20−700,000→ 0 total(indirect: By Avon Road Partners, L.P.)Exercise: $1.40From: 2023-01-18Exp: 2028-01-18→ Common Stock (700,000 underlying) - Exercise Out-of-Money
Common Stock
2024-06-20$1.40/sh+700,000$980,000→ 1,865,104 total(indirect: By Avon Road Partners, L.P.)
Holdings
- 1,385,219
Common Stock
Footnotes (3)
- [F1]The reporting person is the general partner of Avon Road Partners, L.P.
- [F2]The reporting person transferred these warrants to Avon Road Partners, L.P., a limited partnership of which the reporting person is the general partner.
- [F3]On June 20, 2024, the Issuer and the Avon Road Partners, L.P. entered into a Warrant Exercise Agreement (the "Agreement") pursuant to which the exercise price of the warrants originally issued to the reporting person on January 18, 2023 (the "Warrants"), and subsequently transferred by the reporting person to Avon Road Partners, L.P. on June 18, 2024, was reduced from $2.00 to $1.40, with a concomitant reduction in the number of shares into which the Warrants are exercisable, from 1,000,000 to 700,000.