Darren Beckett - 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	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SASI	Stock Option (right to buy)	Award	$0	+51,927	$0.000000	51,927	01 Jul 2022	Common Stock	51,927	$2.50	Direct	F1
transaction	SASI	Stock Appreciation Right	Award	$0	+97,038	$0.000000	97,038	01 Jul 2022	Common Stock	97,038	$1.30	Direct	F2
transaction	SASI	Stock Appreciation Right	Award	$0	+16,944	$0.000000	16,944	01 Jul 2022	Common Stock	16,944	$2.50	Direct	F3

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

Id	Content
F1	The stock option vests as follows: (i) 12,982 shares subject to the option vested on the date of grant, and (ii) the remaining 38,945 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 on March 15, 2025, subject to the Reporting Person being in the continuous employ of the Issuer on the vesting date.
F3	The 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.