Michael R. Zapata - 14 Apr 2022 Form 4 Insider Report for SCHMITT INDUSTRIES INC (SMIT)

Role
Chief Executive Officer, Director
Signature
/s/Michael R Zapata
Issuer symbol
SMIT
Transactions as of
14 Apr 2022
Net transactions value
-$3,000
Form type
4
Filing time
18 Apr 2022, 17:14:46 UTC
Previous filing
18 Jan 2022
Next filing
22 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMIT Common Stock Award $0 +1,541 +2.4% $0.000000 66,220 14 Apr 2022 Direct F1
transaction SMIT Common Stock Tax liability $3,000 -616 -0.93% $4.87* 65,604 14 Apr 2022 Direct F2
holding SMIT Common Stock 474,235 14 Apr 2022 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On the Transaction Date, the Reporting Person was granted the immediately vested shares as compensation for service on the Issuer's board of directors.
F2 Transaction represents the withholding of shares, at the value of $4.87 per share, to satisfy the tax withholding obligations following the grant of 1,541 shares of stock on April 14, 2022.
F3 Mr. Zapata, as the Managing Member of Sententia Capital, may be deemed the beneficial owner of the 474,235 shares owned by Sententia Capital.