Joseph M. Manko Jr. - 17 Jan 2023 Form 4 Insider Report for SAFEGUARD SCIENTIFICS INC (SFES)

Role: Director
Signature: /s/ Joseph M. Manko Jr.
Issuer symbol: SFES
Transactions as of: 17 Jan 2023
Net transactions value: +$28,391
Form type: 4
Filing time: 19 Jan 2023, 16:46:28 UTC
Previous filing: 03 Jan 2023
Next filing: 24 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SFE	Common Stock, $0.10 par value	Award	$28,391	+9,085	+11%	$3.12	90,435	17 Jan 2023	Direct	F1
holding	SFE	Common Stock, $0.10 par value						177,386	17 Jan 2023	Horton Capital Partners Fund, LP	F2

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

Explanation of Responses:

Id	Content
F1	The securities reported in Table I were awarded to the Reporting Person in lieu of quarterly fees for service on the Issuer's Board of Directors, which fees are paid in arrears following the end of the quarter.
F2	Securities owned directly by Horton Capital Partners Fund, LP ("HCPF"). The Reporting Person, solely by virtue of his position as the managing member of Horton Capital Management, LLC ("HCM"), which serves as the investment manager of HCPF, and as the managing member of Horton Capital Partners, LLC, which serves as the general partner of HCPF, may be deemed to beneficially own the securities directly held by HCPF for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Content

The securities reported in Table I were awarded to the Reporting Person in lieu of quarterly fees for service on the Issuer's Board of Directors, which fees are paid in arrears following the end of the quarter.

Securities owned directly by Horton Capital Partners Fund, LP ("HCPF"). The Reporting Person, solely by virtue of his position as the managing member of Horton Capital Management, LLC ("HCM"), which serves as the investment manager of HCPF, and as the managing member of Horton Capital Partners, LLC, which serves as the general partner of HCPF, may be deemed to beneficially own the securities directly held by HCPF for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.