James Edward Manning - 21 Jun 2022 Form 4 Insider Report for Mawson Infrastructure Group Inc. (MIGI)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ James Edward Manning
Issuer symbol
MIGI
Transactions as of
21 Jun 2022
Net transactions value
$0
Form type
4
Filing time
22 Jun 2022, 06:19:10 UTC
Previous filing
21 Jan 2022
SEC
View on sec.gov

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 MIGI Restricted Stock Units Award $0 +157,251 $0.000000 157,251 21 Jun 2022 Common stock 157,251 Direct F1, F2
transaction MIGI Restricted Stock Units Award $0 +125,801 $0.000000 125,801 21 Jun 2022 Common stock 125,801 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU is issued under and subject to the terms of the Mawson Infrastructure Group Inc. 2021 Equity Incentive Plan ("Plan"), and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination thereof, at the discretion of the Plan administrator.
F2 The RSUs granted under this award vest in 25% instalments at the end of each quarter of 2022, subject only to continued employment up to and including each vesting date. Once vested, the RSUs are exercisable until expiration.
F3 The RSUs granted under this award vest on December 31, 2024, subject to the Recipient achieving specific individual performance hurdles, the Issuer achieving certain performance goals, and continued employment up to and including the vesting date. Once vested, the RSUs are exercisable until expiration.