Schachtel John D. 4/A
4/A · SilverSun Technologies, Inc. · Filed Dec 14, 2023
Insider Transaction Report
Form 4/AAmended
Schachtel John D.
Director
Transactions
- Exercise/Conversion
Common Stock
2023-12-11$9.82/sh+7,981$78,373→ 12,245 total - Award
Stock Option
2021-10-14+20,000→ 20,000 totalExercise: $5.90Exp: 2026-10-14→ Common Stock (20,000 underlying) - Exercise/Conversion
Stock Option
2023-12-11−20,000→ 0 totalExercise: $5.90Exp: 2026-10-14→ Common Stock (7,981 underlying)
Footnotes (3)
- [F1]Represents a cashless exercise of outstanding stock options to purchase 20,000 shares of common stock. Mr. John Schachtel received 7,981 shares of common stock and surrendered 12,019 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]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]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.