Robert A. Berman - 18 Jan 2023 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: 18 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 24 Jan 2023, 19:56:54 UTC
Previous filing: 17 Nov 2021
Next filing: 16 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	REKR	Common Stock						1,000,219	18 Jan 2023	Direct
holding	REKR	Common Stock						2,165,104	18 Jan 2023	By Avon Road Partners, L.P.	F1

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	REKR	Warrats (right to buy)	Purchase		+1,000,000			1,000,000	18 Jan 2023	Common Stock	1,000,000	$2.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Mr. Berman is the general partner of Avon Road.
F2	On January 18, 2023, the Issuer and the Reporting Person entered into a securities purchase agreement (the "Purchase Agreement") pursuant to which the Reporting Person acquired from the Issuer in a private placement: (i) $2,000,000 in principal amount of senior secured notes (the "Notes"); and (ii) warrants to purchase up to 1,000,000 shares of common stock with an exercise price of $2.00 per share (the "Warrants"). The aggregate subscription amount paid by the Reporting Person for the Notes and Warrants acquired by it pursuant to the Purchase Agreement was $2,000,000.

Content

Mr. Berman is the general partner of Avon Road.

On January 18, 2023, the Issuer and the Reporting Person entered into a securities purchase agreement (the "Purchase Agreement") pursuant to which the Reporting Person acquired from the Issuer in a private placement: (i) $2,000,000 in principal amount of senior secured notes (the "Notes"); and (ii) warrants to purchase up to 1,000,000 shares of common stock with an exercise price of $2.00 per share (the "Warrants"). The aggregate subscription amount paid by the Reporting Person for the Notes and Warrants acquired by it pursuant to the Purchase Agreement was $2,000,000.