Xin He - 19 Jul 2023 Form 4 Insider Report for Professional Diversity Network, Inc. (IPDN)

Role
Chief Executive Officer
Signature
/s/ Xin He
Issuer symbol
IPDN
Transactions as of
19 Jul 2023
Transactions value $
$0
Form type
4
Filing time
31 Jul 2023, 09:00:28 UTC
Previous filing
18 Apr 2023
Next filing
05 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPDN Common Stock Award $0 +13,289 +7.08% $0.000000 200,938 19 Jul 2023 Direct F4
transaction IPDN Common Stock Award $0 +40,000 +19.9% $0.000000 240,938 19 Jul 2023 Direct F2

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 IPDN Restricted Stock Units Award $0 +80,000 +533% $0.000000 95,000 19 Jul 2023 Common Stock 80,000 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F2 On July 18, 2023, the Company granted an award of 120,000 shares of Restricted Stock Units to Mr. He in connection with the execution of an employment agreement between the Company and Mr. He. The Restricted Stock Units issued to the executive will vest in accordance with the following schedule: (i) 40,000 shares underlying the Restricted Stock Units were vested on July 19, 2023, (ii) 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2024, and (iii) 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2025.
F3 Includes an option to acquire 15,000 shares of the Issuer's Common Stock that was issued to Mr. He prior to the reported transactions.
F4 Mr. He received 13,289 shares as bonus compensation on July 19, 2023.