Aric Spitulnik - 25 May 2022 Form 4 Insider Report for TESSCO TECHNOLOGIES INC

Role
CFO AND SENIOR VICE PRESIDENT
Signature
Aric Spitulnik
Issuer symbol
N/A
Transactions as of
25 May 2022
Net transactions value
$0
Form type
4
Filing time
27 May 2022, 21:01:13 UTC
Previous filing
09 Aug 2021
Next filing
01 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TESS Common Stock Options Exercise +6,660 +23% 36,058 25 May 2022 Direct F1, F2
transaction TESS Common Stock Tax liability -2,503 -6.9% 33,555 25 May 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In respect of the Performance-Stock Units (or PSUs) granted in May 2021 with respect to fiscal year 2022, on May 25, 2022, the reporting person earned the right to receive 6,660 shares of Common Stock. The reporting person was associated with the Issuer on May 25, 2022, resulting in the vesting and issuance of 6,660 shares of Common Stock so earned.
F2 All shares are owned directly, except for 3,467 shares which are owned indirectly, through the TESSCO Technologies 401(k) plan and 5,168 shares owned indirectly, through the TESSCO Team Member Stock Purchase Plan.
F3 $5.80 -- closing market price on May 25, 2022