Glen M. Kassan - Jul 1, 2023 Form 4 Insider Report for Steel Connect, Inc. (STCN)

Role
Director
Signature
/s/ Maria Reda, as Attorney-in-Fact for Glen M. Kassan
Stock symbol
STCN
Transactions as of
Jul 1, 2023
Transactions value $
$0
Form type
4
Date filed
7/5/2023, 05:22 PM
Previous filing
Apr 4, 2023
Next filing
Oct 3, 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 +5.51% $0.00 54.8K Jul 1, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.