MARK RUPORT - 01 Jul 2022 Form 4 Insider Report for SIGMA LABS, INC. (SASI)

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	SASI	Stock Option (right to buy)	Award	$0	+19.2K		$0.00	19.2K	01 Jul 2022	Common Stock	19.2K	$2.50	Direct	F1
transaction	SASI	Stock Appreciation Right	Award	$0	+25.1K		$0.00	25.1K	01 Jul 2022	Common Stock	25.1K	$2.50	Direct	F2

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

Id	Content
F1	The stock option vests, as follows: (i) 4,811 shares subject to the option vested on the date of grant, and (ii) the remaining 14,432 shares will vest in equal (as nearly as possible) monthly installments over the succeeding 36 months, subject, in each case, to the Reporting Person remaining an employee of the Issuer on the applicable vesting date.
F2	The stock appreciation right ("SAR") is payable in cash only, and vests as follows: (i) 25% of the SAR vested on the date of grant, and (ii) the balance of the SAR will vest in equal (as nearly as possible) monthly installments over the succeeding 36 months, subject, in each case, to the Reporting Person remaining an employee of the Issuer on the applicable vesting date.