Thomas R. Cellitti - 11 May 2023 Form 4 Insider Report for CORE MOLDING TECHNOLOGIES INC (CMT)

Role
Director
Signature
/s/ John P. Zimmer, as attorney-in-fact
Issuer symbol
CMT
Transactions as of
11 May 2023
Net transactions value
+$68,613
Form type
4
Filing time
12 May 2023, 10:41:15 UTC
Previous filing
14 Mar 2023
Next filing
26 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMT Common Stock Options Exercise $68,613 +3,395 +2.7% $20.21 127,586 11 May 2023 Direct

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 CMT Stock Appreciation Right Options Exercise $0 -6,722 -100% $0.000000* 0 11 May 2023 Common Stock 6,722 $10.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Thomas R. Cellitti is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Granted as Stock Appreciation Rights (SARs) under the 2006 Long-Term Equity Incentive Plan. The SARs vest and become exercisable 1/3 on the first anniversary of the date of grant, 2/3 on the second anniversary of the date of grant, and 100% on the third anniversary of the date of grant.