4//SEC Filing
WALKER WAYNE REMELL 4
Accession 0001493152-24-048365
CIK 0001086745other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 9:44 PM ET
Size
11.1 KB
Accession
0001493152-24-048365
Insider Transaction Report
Form 4
AYRO, Inc.AYRO
WALKER WAYNE REMELL
Director
Transactions
- Disposition to Issuer
Common Stock
2024-12-02−3,520→ 18,405 total - Award
Common Stock
2024-12-02+83,388→ 101,793 total - Exercise/Conversion
Cash-Settled Restricted Stock Units
2024-12-02+55,592→ 55,592 total→ Common Stock
Footnotes (5)
- [F1]Represents a forfeiture of restricted shares of common stock (the "Forfeited Shares"), par value $0.0001 per share ("Common Stock"), of the Issuer granted to the Reporting Person under the AYRO, Inc. Long-Term Incentive Plan (as amended, the "Plan") in connection with the Reporting Person's service on the Issuer's Board of Directors that vested, but were not issued to the Reporting Person, on November 1, 2023. The Reporting Person received the Director Equity Awards (as defined herein), among other reasons as described herein, in lieu of such Forfeited Shares.
- [F2]The securities reported herein have been adjusted for the Company's one-for-eight reverse stock split effected on September 15, 2023.
- [F3]Represents a grant of restricted shares of Common Stock issued under the Plan which fully vested on the date of grant (the "Stock Award").
- [F4]The securities reported as acquired herein were granted to the Reporting Person by the Issuer in lieu of any other awards previously approved by the Issuer since the beginning of the fourth quarter of the Company's 2023 fiscal year, but were never issued by the Issuer, as an annual award grant to the Reporting Person in connection with the Reporting Person's service on the Issuer's Board of Directors for 2024 and a partial annual award grant for the Reporting Person's service on the Issuer's Board of Directors for the last quarter of 2023.
- [F5]Represents a grant of cash-settled restricted stock units ("RSUs" and, together with the Stock Award, the "Director Equity Awards") granted by the Issuer to the Reporting Person. On the date of grant, the RSUs immediately converted into a cash payment equal to the fair market value of the number of shares of Common Stock equal to the same number of RSUs that were granted to the Reporting Person for the purpose of satisfying the Reporting Person's tax obligation with respect to the Director Equity Awards. No securities of the Issuer were issued, acquired or disposed of in connection with the grant of the RSUs.
Documents
Issuer
AYRO, Inc.
CIK 0001086745
Entity typeother
Related Parties
1- filerCIK 0001428761
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 9:44 PM ET
- Size
- 11.1 KB