LAURENCE S. ZIPKIN - 22 Sep 2022 Form 4 Insider Report for Mill City Ventures III, Ltd (MCVT)

Role: Director
Signature: /s/ Laurence S. Zipkin
Issuer symbol: MCVT
Transactions as of: 22 Sep 2022
Net transactions value: +$10,000
Form type: 4
Filing time: 23 Sep 2022, 19:32:34 UTC
Previous filing: 12 Aug 2022
Next filing: 01 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCVT	Common Stock	Award	$10,000	+4,878	+9.4%	$2.05	56,737	22 Sep 2022	Direct	F1, F2
holding	MCVT	Common Stock						51,859	22 Sep 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Of the reported amount, 6,667 common shares are subject to forfeiture pursuant to a restricted stock agreement with the issuer. Forfeiture restrictions on those 6,667 common shares lapse on January 24, 2023.
F2	Shares were acquired by the reporting person pursuant to a stock award made by the issuer, upon approval of the full Board of Directors and election of the reporting person, in lieu of regular cash compensation aggregating $10,000 payable for services as a director for the fiscal quarter ended September 30, 2022. The reported price is the closing market price of the common stock on the date of the stock award.

Content

Of the reported amount, 6,667 common shares are subject to forfeiture pursuant to a restricted stock agreement with the issuer. Forfeiture restrictions on those 6,667 common shares lapse on January 24, 2023.

Shares were acquired by the reporting person pursuant to a stock award made by the issuer, upon approval of the full Board of Directors and election of the reporting person, in lieu of regular cash compensation aggregating $10,000 payable for services as a director for the fiscal quarter ended September 30, 2022. The reported price is the closing market price of the common stock on the date of the stock award.