Michael Wang - Sep 4, 2023 Form 4 Insider Report for Ispire Technology Inc. (ISPR)

Role
Co-Chief Executive Officer
Signature
/s/ Michael Wang
Stock symbol
ISPR
Transactions as of
Sep 4, 2023
Transactions value $
$0
Form type
4
Date filed
9/6/2023, 09:20 PM
Previous filing
Apr 13, 2023
Next filing
Oct 3, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISPR Restricted Stock Units Award +283K +24.74% 1.43M Sep 4, 2023 Direct F1, F2, F3

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 ISPR Common Stock Options (Right to buy) Award $0 +1M $0.00 1M Sep 4, 2023 Common Stock 1M $9.76 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs vest over three years as follows: 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant, and 1/3 on the third anniversary of the date of grant.
F2 Each restricted stock unit ("RSU") represents the right to receive one share of Common Stock upon vesting.
F3 The amount reported includes (i) 1,000,000 shares of Common Stock owned by the Reporting Person and held by Peak Group LLC where the Reporting Person has sole voting and dispositive power over the shares of common stock owned by Peak Group LLC and (ii) 142,857 share of Common Stock purchased by the Reporting Person in connection with the Issuer's initial public offerings which priced on April 3, 2023 and closed on April 6, 2023.
F4 Each option represents the right to purchase one share of Common Stock at the exercise price.
F5 Common Stock Options vest over four years as follows: 1/4 on the first anniversary of the date of grant with the remaining 3/4 vesting in equal installment of 2.083% each month thereafter.