W. Michael Reickert - 02 May 2022 Form 4 Insider Report for Kaspien Holdings Inc. (KSPN)

Role: Director
Signature: /s/ W. Michael Reickert
Issuer symbol: KSPN
Transactions as of: 02 May 2022
Transactions value $: $13,770
Form type: 4
Filing time: 04 May 2022, 17:42:53 UTC
Next filing: 03 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KSPN	Common Stock, par value $.01 per share	Award	$13,770	+3,000	+48%	$4.59^*	9,200	02 May 2022	Direct	F1
holding	KSPN	Common Stock, par value $.01 per share						713,986	02 May 2022	By Trust	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KSPN	Director Stock Option (Right to Buy)	Award	$0	+1,250	+167%	$0	2,000	03 May 2021	Common Stock par value $0.01 per share	1,250	$20.41	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Annual compensation paid in shares of common stock pursuant to the 2005 Long Term Incentive and Share Award Plan, as Amended, which such plan qualifies under Rule 16(b)-3.
F2	The equity transactions listed above is pursuant to equity plans qualified under 16b-3 and exempt from Section 16(b) of the Securities Exchange Act
F3	Option grants are exercisable within 4 years of grant and expire 10 years after grant.
F4	These shares are owned directly by the Robert J. Higgins TWMC Trust, a ten percent owner of the issuer, and indirectly by W. Michael Reickert as a trustee of the Trust.