R. Rimmy Malhotra - Mar 17, 2025 Form 4 Insider Report for Genasys Inc. (GNSS)

Role
Director
Signature
/s/ Dennis D. Klahn as attorney-in-fact for R. Rimmy Malhotra
Stock symbol
GNSS
Transactions as of
Mar 17, 2025
Transactions value $
$0
Form type
4
Date filed
3/19/2025, 04:21 PM
Previous filing
Feb 18, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNSS Common Stock Award $0 +38.1K +36.63% $0.00 142K Mar 17, 2025 Direct F1
holding GNSS Common Stock 1.63M Mar 17, 2025 See footnote F2
holding GNSS Common Stock 300 Mar 17, 2025 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units (RSUs) that vest upon the earlier of (i) the date of the Company's 2026 annual shareholder meeting or (ii) a change of control event. Each RSU represents a contingent right to one share of the Company's common stock and is eligible to be settled solely in shares of the Company's common stock.
F2 Represents shares directly owned by Nicoya Fund, LLC, a Delaware limited liability company. Mr. Malhotra is managing member of Nicoya Capital, LLC, which is the managing member of Nicoya Fund, LLC.
F3 Represents shares directly owned by Nicoya Genasys-SPV LLC, a Delaware limited liability company. Mr. Malhotra is managing member of Nicoya Capital, LLC, which is the managing member of Nicoya Genasys-SPV LLC.