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

Role: Exec Chairman and Gen Counsel, Director
Signature: /s/ William F. Clough
Issuer symbol: OIGBQ
Transactions as of: 15 Sep 2022
Net transactions value: $0
Form type: 4
Filing time: 17 Oct 2022, 20:44:35 UTC
Previous filing: 07 Nov 2022
Next filing: 01 Feb 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		+133,738	+22%		732,085	15 Sep 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		+637,500	+160%		1,035,010	15 Sep 2022	Common Stock	637,500		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.