John Dunn - Dec 31, 2024 Form 4 Insider Report for SHYFT GROUP, INC. (SHYF)

Role: President and CEO, Director
Signature: /s/ Joshua A. Sherbin as Attorney In Fact for John Dunn
Stock symbol: SHYF
Transactions as of: Dec 31, 2024
Transactions value $: $1,223,660
Form type: 4
Date filed: 1/2/2025, 05:26 PM
Previous filing: Dec 20, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHYF	Common Stock	Award	$1.22M	+104K	+109.34%	$11.74	200K	Dec 31, 2024	Direct	F1
transaction	SHYF	Common Stock	Award	$946K	+80.6K	+40.38%	$11.74	280K	Dec 31, 2024	Direct	F2
transaction	SHYF	Common Stock	Tax liability	-$946K	-80.6K	-28.76%	$11.74	200K	Dec 31, 2024	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Reflects restricted shares granted to the reporting person in lieu of a grant of restricted stock units that would otherwise be granted in March 2025. Such restricted shares are to vest in equal annual installments on each of the first three anniversaries of March 31, 2025.
F2	Reflects shares granted to the reporting person in lieu of a grant of restricted stock units that would otherwise be granted in March 2025. Such shares are fully vested and have been withheld for the purpose of paying applicable taxes in connection with the reporting person's recognition of income in connection with the receipt of shares reflected on this Form 4, including by reason of filing an election under Section 83(b) of the Internal Revenue Code of 1986.

Content

Reflects restricted shares granted to the reporting person in lieu of a grant of restricted stock units that would otherwise be granted in March 2025. Such restricted shares are to vest in equal annual installments on each of the first three anniversaries of March 31, 2025.

Reflects shares granted to the reporting person in lieu of a grant of restricted stock units that would otherwise be granted in March 2025. Such shares are fully vested and have been withheld for the purpose of paying applicable taxes in connection with the reporting person's recognition of income in connection with the receipt of shares reflected on this Form 4, including by reason of filing an election under Section 83(b) of the Internal Revenue Code of 1986.