Robert D. Dawson - 10 Jan 2023 Form 4 Insider Report for R F INDUSTRIES LTD (RFIL)

Role: President and CEO, Director
Signature: /s/ Robert D. Dawson
Issuer symbol: RFIL
Transactions as of: 10 Jan 2023
Transactions value $: -$5,225
Form type: 4
Filing time: 12 Jan 2023, 19:59:59 UTC
Previous filing: 29 Dec 2022
Next filing: 12 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RFIL	Common Stock	Tax liability	-$5.23K	-957	-0.61%	$5.46	155K	10 Jan 2023	Direct
transaction	RFIL	Common Stock	Award	$0	+31.8K	+20.56%	$0.00	187K	11 Jan 2023	Direct

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	RFIL	Stock Option (right to buy)	Award	$0	+63.6K		$0.00	63.6K	11 Jan 2023	Common Stock	63.6K	$5.59	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On January 11, 2023, the Board of Directors of the Issuer granted the Reporting Person options to purchase the common stock of Issuer. Provided the Reporting Person is still employed with the Issuer or its subsidiaries on the following dates, the options shall vest over four years as follows: (i) one-quarter of the options shall vest on January 11, 2024; and (ii) the remaining options shall vest in twelve equal quarterly installments over the next three years, commencing with the first quarter following January 11, 2024.

Content

On January 11, 2023, the Board of Directors of the Issuer granted the Reporting Person options to purchase the common stock of Issuer. Provided the Reporting Person is still employed with the Issuer or its subsidiaries on the following dates, the options shall vest over four years as follows: (i) one-quarter of the options shall vest on January 11, 2024; and (ii) the remaining options shall vest in twelve equal quarterly installments over the next three years, commencing with the first quarter following January 11, 2024.