JAMES F. ONEIL - 15 Sep 2022 Form 4 Insider Report for Orbital Infrastructure Group, Inc. (OIGBQ)

Role
Chief Executive Officer, Director
Signature
/s/ James F. O'Neil III
Issuer symbol
OIGBQ
Transactions as of
15 Sep 2022
Transactions value $
$0
Form type
4
Filing time
17 Oct 2022, 20:45:34 UTC
Previous filing
05 Jul 2022
Next filing
05 Oct 2022
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 +157K +11.02% 1.58M 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 +765K +115.54% 1.43M 15 Sep 2022 Common Stock 765K 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 255,000 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.