Robert A. Berman - 04 Mar 2024 Form 4 Insider Report for Rekor Systems, Inc. (REKR)

Role
Chief Executive Officer, Director
Signature
/s/ Robert A. Berman
Issuer symbol
REKR
Transactions as of
04 Mar 2024
Net transactions value
+$300,000
Form type
4
Filing time
06 Mar 2024, 16:11:16 UTC
Previous filing
28 Aug 2023
Next filing
20 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REKR Common Stock Other $300,000 +120,000 +11% $2.50 1,255,219 04 Mar 2024 Direct F1
holding REKR Common Stock 1,165,104 04 Mar 2024 By Avon Road, L.P. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 2024, the Rekor Systems, Inc. completed the redemption of all its outstanding senior secured notes. In connection with the redemption, Mr. Berman elected to accept $300,000 of the redemption payment due to him for his senior secured notes in the form of 120,000 unregistered shares of the registrant's common stock, par value $0.0001 per share, having a value of $2.50 per share.
F2 Mr. Berman is the general partner of Avon Road.