Michael C. Bond - 19 Jan 2024 Form 4 Insider Report for Vislink Technologies, Inc. (VISL)

Role: Chief Financial Officer
Signature: /s/ Ira Kotel, attorney-in-fact
Issuer symbol: VISL
Transactions as of: 19 Jan 2024
Net transactions value: $0
Form type: 4
Filing time: 19 Jan 2024, 16:35:24 UTC
Previous filing: 21 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VISL	Common Stock	Award	$0	+29,055	+123%	$0.000000	52,664	19 Jan 2024	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Pursuant to the Restricted Stock Award Agreement by and between the Issuer and the Reporting Person, dated as of January 19, 2024, 9,406 of the inducement RSUs are time-based and will vest as to one-half of such time-based RSUs on each anniversary date over a period of two years. The balance of the inducement RSUs are performance-based. The performance-based RSUs will vest in three equal tranches of shares upon the Company's attainment of specified revenue metrics on or before December 31, 2026, subject in each case to Mr. Bond's continued employment by the Company on the applicable vesting date. These RSUs were granted outside of the Issuer's existing equity compensation plans as an inducement material to the Reporting Person's becoming an employee of the Issuer, in accordance with Nasdaq Listing Rule 5635(c)(4).

Content

Pursuant to the Restricted Stock Award Agreement by and between the Issuer and the Reporting Person, dated as of January 19, 2024, 9,406 of the inducement RSUs are time-based and will vest as to one-half of such time-based RSUs on each anniversary date over a period of two years. The balance of the inducement RSUs are performance-based. The performance-based RSUs will vest in three equal tranches of shares upon the Company's attainment of specified revenue metrics on or before December 31, 2026, subject in each case to Mr. Bond's continued employment by the Company on the applicable vesting date. These RSUs were granted outside of the Issuer's existing equity compensation plans as an inducement material to the Reporting Person's becoming an employee of the Issuer, in accordance with Nasdaq Listing Rule 5635(c)(4).