Paul Dwayne White - 13 Apr 2022 Form 4 Insider Report for Orbital Energy Group, Inc. (OIGBQ)

Role: Director
Signature: /s/ Paul Dwayne White
Issuer symbol: OIGBQ
Transactions as of: 13 Apr 2022
Transactions value $: -$255,274
Form type: 4
Filing time: 18 Apr 2022, 11:09:37 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OIGBQ	Common Stock	Award		+22.5K	+51.97%		65.7K	13 Apr 2022	Direct	F1

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	OIGBQ	SARs	Disposed to Issuer	-$255K	-290K	-100%	$0.88	0	13 Apr 2022	Common Stock		$2.89	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Fully vested RSUs, which were immediately convertible to common stock, were issued in connection with cancellation of previously issued cash-settled SARS. 43,227 RSU shares were granted and 20,760 shares were withheld for payroll taxes.