MAJITHIA HETAL 4/A
4/A · Mawson Infrastructure Group Inc. · Filed Jun 22, 2022
Insider Transaction Report
Form 4/AAmended
MAJITHIA HETAL
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2021-12-15+14,803→ 14,803 totalExp: 2031-12-15→ Common Stock (14,803 underlying)
Footnotes (3)
- [F1]On January 21, 2022, the reporting person filed a Form 4 ("the Prior Form 4") which reported 14,803 restricted stock units (RSUs) as Common Stock in Table I and that the reporting person beneficially owned 14,803 shares of Common Stock. Because the reporting person at settlement may receive each of the RSUs reported in the Prior Form 4 as either one share of common stock or an equivalent cash amount or a combination at the discretion of the Administrator of the Plan (as defined below) the Prior Form 4 is being amended hereby to report the RSUs reported in Table I of the Prior Form 4 in Table II as Derivative Securities and to correct the reporting person's beneficial ownership of Common Stock by excluding those RSUs.
- [F2]Each RSU is issued under and subject to the terms of the Mawson Infrastructure Group Inc 2021 Equity Incentive Plan ("Plan"), and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination, at the discretion of the Administrator of the Plan.
- [F3]These RSUs shall vest upon the Issuer achieving certain operational performance goals during a specified performance period ending June 30, 2024, subject to additional terms set forth in the Award Agreement by and between the Reporting Person and the Issuer and in the Plan.