Michael William Woods - 26 Jan 2023 Form 4 Insider Report for ARTS WAY MANUFACTURING CO INC (ARTW)

Role: Chief Financial Officer
Signature: /s/ Edward Peilen as attorney-in-fact for Michael William Woods pursuant to a power of attorney filed previously.
Issuer symbol: ARTW
Transactions as of: 26 Jan 2023
Net transactions value: -$2,099
Form type: 4
Filing time: 30 Jan 2023, 16:57:41 UTC
Previous filing: 23 Jan 2023
Next filing: 01 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARTW	Common Stock	Award	$0	+7,000	+33%	$0.000000	28,114	26 Jan 2023	Direct	F1
transaction	ARTW	Common Stock	Tax liability	$2,099	-833	-3%	$2.52	27,281	27 Jan 2023	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 7,000 shares of restricted stock for which risks of forfeiture lapse as to 2,334 shares on 1/26/2024 and as to 2,333 shares on each of 1/26/2025 and 1/26/2026.
F2	Represents shares forfeited to pay withholding taxes in connection with the vesting and delivery of restricted stock.
F3	Includes (i) 11,616 shares of fully vested stock; (ii) 1,666 shares of restricted stock for which risks of forfeiture lapse on 1/30/23; (iii) 2,333 shares of restricted stock for which risks of forfeiture lapse 1/19/24; (iv) 4,666 shares of restricted stock for which risks of forfeiture lapse as to 2,333 shares on each of 1/27/24 and 1/27/25; and (v) 7,000 shares of restricted stock for which risks of forfeiture lapse as to 2,334 shares on 1/26/2024 and as to 2,333 shares on each of 1/26/2025 and 1/26/2026.