Thad Lowe - 28 Mar 2022 Form 3 Insider Report for TESSCO TECHNOLOGIES INC (TESS)

Role: Senior Vice President
Signature: Thad Lowe by Aric Spitulnik by Power of Attorney
Issuer symbol: TESS
Transactions as of: 28 Mar 2022
Transactions value $: $0
Form type: 3
Filing time: 07 Apr 2022, 17:01:34 UTC
Next filing: 27 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TESS	Common Stock						991	28 Mar 2022	Shares owned indirectly through 401K Plan
holding	TESS	Common Stock						247	28 Mar 2022	Shares owned indirectly through TESSCO Team Member Stock Purchase Plan

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
holding	TESS	Employee Stock Option							28 Mar 2022	Common Stock	10K	$5.94	Direct	F1
holding	TESS	Employee Stock Option							28 Mar 2022	Common Stock	10K	$4.36	Direct	F2
holding	TESS	Employee Stock Option							28 Mar 2022	Common Stock	20K	$7.37	Direct	F3

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

Explanation of Responses:

Id	Content
F1	With respect to the Employee Stock Options granted on March 23, 2020, the options vest 25% after 1 year and then the remainder vests 1/36 each month for 3 years.
F2	With respect to the Employee Stock Options granted on May 15, 2020, the options vest 25% after 1 year and then the remainder vests 1/36 each month for 3 years.
F3	With respect to the Employee Stock Options granted on April 29, 2021, the options vest 25% after 1 year and then the remainder vests 1/36 each month for 3 years.