Michael R. Zapata - Oct 12, 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
Oct 12, 2022
Transactions value $
$0
Form type
4
Date filed
10/17/2022, 04:41 PM
Previous filing
Sep 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMIT Common Stock Award $0 +3.79K +5.77% $0.00 69.4K Oct 12, 2022 Direct F1
holding SMIT Common Stock 474K Oct 12, 2022 See footnote F2
* 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 Mr. Zapata, as the Managing Member of Sententia Capital, may be deemed the beneficial owner of the 474,235 shares owned by Sententia Capital.