Michael William Woods - 30 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: 30 Jan 2023
Net transactions value: -$1,428
Form type: 4
Filing time: 01 Feb 2023, 15:16:29 UTC
Previous filing: 30 Jan 2023
Next filing: 24 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARTW	Common Stock	Tax liability	$1,428	-595	-2.2%	$2.40	26,686	30 Jan 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents shares forfeited to pay withholding taxes in connection with the vesting and delivery of restricted stock.
F2	Includes (i) 12,687 shares of fully vested stock; (ii) 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.

Content

Represents shares forfeited to pay withholding taxes in connection with the vesting and delivery of restricted stock.

Includes (i) 12,687 shares of fully vested stock; (ii) 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.