William J. Clough - Sep 15, 2022 Form 4 Insider Report for Orbital Infrastructure Group, Inc. (OIGBQ)

Role
Exec Chairman and Gen Counsel, Director
Signature
/s/ William F. Clough
Stock symbol
OIGBQ
Transactions as of
Sep 15, 2022
Transactions value $
$0
Form type
4
Date filed
10/17/2022, 08:44 PM
Previous filing
Nov 7, 2022
Next filing
Feb 1, 2023
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 +134K +22.35% 732K Sep 15, 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 Restricted Stock Units Award +638K +160.37% 1.04M Sep 15, 2022 Common Stock 638K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares issued as a retention bonus at current market rate of $0.63
F2 RSUs vest in four equal tranches of 212,500 shares on 9/15/22, 9/15/23, 9/15/24 and 9/15/25 on a one for one basis at the market rate of the underlying common stock on the vesting date.
F3 RSUs automatically convert to common stock on the vesting date of the RSU.
F4 Price of RSU corresponds to the market price of the common stock, which was $0.63 per share on 9/15/22.