GRINDSTAFF NICHOLAS M 4
4 · Orbital Infrastructure Group, Inc. · Filed Oct 17, 2022
Insider Transaction Report
Form 4
GRINDSTAFF NICHOLAS M
Chief Financial Officer
Transactions
- Award
Common Stock
2022-09-15+154,106→ 296,052 total - Award
Restricted Stock Units
2022-09-15+500,000→ 500,000 total→ Common Stock (500,000 underlying)
Footnotes (6)
- [F1]250,000 fully vested Restricted stock units were granted and issued net of 95,894 shares withheld for taxes.
- [F2]Shares were issued as part of employee agreement based on a market price of $0.63.
- [F3]250,000 shares will vest on 9/15/23 and 250,000 shares will vest on 9/15/24
- [F4]RSUs vest and automatically convert to common stock in three tranches, 9/15/22, 9/15/23 and 9/15/24.
- [F5]RSU shares convert to common stock on a 1 for 1 basis at the market rate of the common stock on the vesting date.
- [F6]Price of RSU corresponds to the market price of the common stock, which was $0.63 on 9/15/22.