Joseph M. Manko Jr. - 30 Jan 2024 Form 4 Insider Report for SAFEGUARD SCIENTIFICS INC (SFES)

Role: Director
Signature: /s/ Joseph M. Manko Jr.
Issuer symbol: SFES
Transactions as of: 30 Jan 2024
Net transactions value: +$27,042
Form type: 4
Filing time: 01 Feb 2024, 14:36:21 UTC
Previous filing: 12 Jan 2024
Next filing: 16 Feb 2024
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	$27,042	+38,087	+20%	$0.7100	232,323	30 Jan 2024	Direct	F1
holding	SFE	Common Stock, $0.10 par value						177,386	30 Jan 2024	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.