Jack L. Howard - Jul 1, 2023 Form 4 Insider Report for Steel Connect, Inc. (STCN)

Role
Director, Other*
Signature
By: /s/ Maria Reda, as Attorney-in-Fact for Jack L. Howard
Stock symbol
STCN
Transactions as of
Jul 1, 2023
Transactions value $
$0
Form type
4
Date filed
7/5/2023, 05:21 PM
Previous filing
Jun 30, 2023
Next filing
Sep 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STCN Common Stock, $0.01 par value Award $0 +2.86K +2.86% $0.00 103K Jul 1, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock. The reporting person disclaims beneficial ownership of the shares of Common Stock of the Issuer owned directly by the other members of the Section 13(d) group except to the extent of his pecuniary interest therein.
F2 Shares acquired are shares of restricted stock awarded pursuant to the Issuer's 2020 Stock Incentive Compensation Plan (the "Incentive Compensation Plan"). Except as otherwise provided in the Incentive Compensation Plan, the shares of restricted stock vest on July 1, 2024, provided that the reporting person remains a director of the Issuer on such vesting date.
F3 On June 21, 2023, the Issuer effected a 1-for-3,500 reverse stock split of its common stock followed immediately by a 375-for-1 forward stock split of its common stock. The reported ownership amount has been adjusted to give effect to the reverse stock split and forward stock split.