MACALUSO JOSEPH P 4
4 · SilverSun Technologies, Inc. · Filed Dec 13, 2023
Insider Transaction Report
Form 4
MACALUSO JOSEPH P
Director
Transactions
- Exercise/Conversion
Stock Option
2023-12-11−8,370→ 0 totalExercise: $6.53Exp: 2026-03-29→ Common Stock (2,803 underlying) - Exercise/Conversion
Common Stock
2023-12-11$9.82/sh+4,641$45,575→ 7,444 total - Sale
Common Stock
2023-12-13$9.85/sh−7,444$73,341→ 0 total - Exercise/Conversion
Common Stock
2023-12-11$9.82/sh+2,803$27,525→ 2,803 total - Award
Stock Option
2021-03-29+8,370→ 8,370 totalExercise: $6.53Exp: 2026-03-29→ Common Stock (8,370 underlying) - Award
Stock Option
2021-10-14+11,630→ 11,630 totalExercise: $5.90Exp: 2026-10-14→ Common Stock (11,630 underlying) - Exercise/Conversion
Stock Option
2023-12-11−11,630→ 0 totalExercise: $5.90Exp: 2026-10-14→ Common Stock (4,641 underlying)
Footnotes (4)
- [F1]Represents a cashless exercise of outstanding stock options to purchase 8,370 shares of common stock. Mr. Joseph Macaluso received 2,803 shares of common stock and surrendered 5,567 shares of common stock underlying the option in payment of the exercise price. The cashless exercise was based on the market price of $9.82. This price is the average of the closing trading price of the Issuer's common stock on the 5 trading days ending on and including December 8, 2023.
- [F2]Represents a cashless exercise of outstanding stock options to purchase 11,630 shares of common stock. Mr. Joseph Macaluso received 4,641 shares of common stock and surrendered 6,989 shares of common stock underlying the option in payment of the exercise price. The cashless exercise was based on the market price of $9.82. This price is the average of the closing trading price of the Issuer's common stock on the 5 trading days ending on and including December 8, 2023.
- [F3]The average of the closing trading price of the Issuer's common stock on the 5 trading days ending on and including December 8, 2023.
- [F4]Options become exercisable for 50% of the shares on the first anniversary of the grant and 50% of the shares on the second anniversary of the grant date.