Stewart Wang - 25 Apr 2022 Form 4 Insider Report for TAITRON COMPONENTS INC (TAIT)

Role
CEO, Director, 10%+ Owner
Signature
/s/ Stewart Wang
Issuer symbol
TAIT
Transactions as of
25 Apr 2022
Net transactions value
$0
Form type
4
Filing time
27 Apr 2022, 20:14:07 UTC
Previous filing
03 Feb 2022
Next filing
12 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TAIT Class A Common Stock Gift $0 -16,000 -9.6% $0.000000 150,439 25 Apr 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TAIT Employee Incentive Stock Option (right to buy) Award $0 +15,000 $0.000000 15,000 25 Apr 2022 Class A common stock 15,000 $3.94 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of stock options pursuant to the Taitron Components 2018 Omnibus Incentive Plan.
F2 Grant Date. Stock options vest in equal one-third (1/3) increments each year on the anniversary of the grant date for the next three (3) years.
F3 "Bona fide gift" with no payment in consideration. Transaction exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-5.