McCarthy James K 4
4 · Rekor Systems, Inc. · Filed Aug 5, 2020
Insider Transaction Report
Form 4
McCarthy James K
DirectorChief Strategy Officer
Transactions
- Sale
Common Stock
2020-08-05$2.57/sh−2,725,836$7,005,399→ 0 total
Footnotes (1)
- [F1]On August 5, 2020, Mr. James K. McCarthy entered into a privately negotiated Stock Purchase Agreement (the "SPA") with Mr. Robert A. Berman, the current CEO, President, and Executive Chairman of Rekor Systems, Inc. (the "Company"), to sell to Mr. Berman 2,725,836 shares of Common Stock of the Company held by Mr. McCarthy, at a price per share of approximately $2.57. The closing of the transaction is conditioned upon Mr. Berman's payment of: (i) $200,000 no later than two business days from the date of the SPA; and (ii) $6,800,000 no later than forty-five days from the date of the SPA (the "Purchase Price"). Upon payment of the Purchase Price, Mr. McCarthy shall transfer ownership of the Common Stock to Mr. Berman.