Scott E. Nolen - 15 May 2023 Form 4 Insider Report for INTEST CORP (INTT)

Role
Division Pres-Process Tech
Signature
/s/ Scott Eric Nolen
Issuer symbol
INTT
Transactions as of
15 May 2023
Net transactions value
-$82,756
Form type
4
Filing time
17 May 2023, 16:29:46 UTC
Previous filing
02 May 2023
Next filing
09 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INTT Common Stock Options Exercise $12,210 +1,500 +6.2% $8.14 25,846 15 May 2023 Direct
transaction INTT Common Stock Options Exercise $65,650 +5,000 +19% $13.13 30,846 15 May 2023 Direct
transaction INTT Common Stock Sale $160,616 -7,597 -25% $21.14 23,249 15 May 2023 Direct F1

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 INTT Employee Stock Option (right to buy) Options Exercise $0 -1,500 -10% $0.000000 13,180 15 May 2023 Common Stock 1,500 $8.14 Direct F2
transaction INTT Employee Stock Option (right to buy) Options Exercise $0 -5,000 -50% $0.000000 5,000 15 May 2023 Common Stock 5,000 $13.13 Direct F3
holding INTT Employee Stock Option (right to buy) 3,936 15 May 2023 Common Stock 3,936 $16.06 Direct F4
holding INTT Employee Stock Option (right to buy) 5,140 15 May 2023 Common Stock 5,140 $3.20 Direct F5
holding INTT Employee Stock Option (right to buy) 10,300 15 May 2023 Common Stock 10,300 $4.53 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.98 to $21.26, inclusive. Mr. Nolen undertakes to provide inTEST Corporation, any security holder of inTEST Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 This option, representing a right to purchase a total of 14,680 shares, vests in four equal annual installments commencing on April 28, 2023, which was the first anniversary of the date on which the option was granted.
F3 This option, representing a right to purchase a total of 10,000 shares, vests in four equal annual installments commencing on April 28, 2022, which was the first anniversary of the date on which the option was granted.
F4 This option vests in four equal annual installments commencing on March 8, 2024.
F5 This option vests in four equal annual installments commencing on April 29, 2021.
F6 This option vests in four equal annual installments commencing on July 31, 2020.