Michael R. Zapata - Jan 14, 2022 Form 4 Insider Report for SCHMITT INDUSTRIES INC (SMIT)

Role
Chief Executive Officer, Director
Signature
/s/Michael R Zapata
Stock symbol
SMIT
Transactions as of
Jan 14, 2022
Transactions value $
-$3,002
Form type
4
Date filed
1/18/2022, 06:50 PM
Previous filing
Oct 21, 2021
Next filing
Apr 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMIT Common Stock Award $0 +1.46K +2.28% $0.00 65.3K Jan 14, 2022 Direct F1
transaction SMIT Common Stock Tax liability -$3K -583 -0.89% $5.15* 64.7K Jan 14, 2022 Direct F2
holding SMIT Common Stock 474K Jan 14, 2022 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On the Transaction Date, the Reporting Person was granted the immediately vested shares as compensation for service on the Issuer's board of directors.
F2 Transaction represents the withholding of shares, at the value of $5.15 per share, to satisfy the tax withholding obligations following the grant of 1,457 shares of stock on January 14, 2022.
F3 Mr. Zapata, as the Managing Member of Sententia Capital, may be deemed the beneficial owner of the 474,235 shares owned by Sententia Capital.