BERMAN ROBERT ALAN 4

What Happened
Robert Alan Berman, CEO, Executive Chairman and a director of Rekor Systems, was awarded 1,000,000 restricted stock units (RSUs) on April 21, 2026. The Form 4 reports the acquisition price as $0.00 (typical for compensation grants); a footnote states the RSUs were fully vested upon issuance under his Amended and Restated Employment Agreement dated March 24, 2026 (disclosed on the company’s 8‑K filed March 27, 2026). The Form 4 was filed April 28, 2026.

Key Details

• Transaction type: Award/Grant (code A) — 1,000,000 RSUs
• Transaction date: 2026-04-21; Reported acquisition price: $0.00; reported value $0
• Vesting: RSUs were fully vested upon issuance per employment agreement (see 8‑K March 27, 2026)
• Shares owned after transaction: not stated in the provided filing excerpt
• Filing timeliness: Form 4 filed 2026-04-28 (more than the typical two-business-day SEC deadline) — marked as late relative to the usual Form 4 timing

Context
RSUs are a form of equity compensation that convert to shares when vested; because these RSUs vested immediately, Mr. Berman effectively received beneficial ownership of the underlying shares subject to any transfer restrictions. This is a compensation-related award rather than an open-market purchase or sale; such grants are common for executives under employment agreements. The late filing reduces near-term transparency for investors but does not by itself indicate market intent.