Robert A. Berman - Mar 4, 2024 Form 4 Insider Report for Rekor Systems, Inc. (REKR)

Role
Chief Executive Officer, Director
Signature
/s/ Robert A. Berman
Stock symbol
REKR
Transactions as of
Mar 4, 2024
Transactions value $
$300,000
Form type
4
Date filed
3/6/2024, 04:11 PM
Previous filing
Aug 28, 2023
Next filing
May 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REKR Common Stock Other $300K +120K +10.57% $2.50 1.26M Mar 4, 2024 Direct F1
holding REKR Common Stock 1.17M Mar 4, 2024 By Avon Road, L.P. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 2024, the Rekor Systems, Inc. completed the redemption of all its outstanding senior secured notes. In connection with the redemption, Mr. Berman elected to accept $300,000 of the redemption payment due to him for his senior secured notes in the form of 120,000 unregistered shares of the registrant's common stock, par value $0.0001 per share, having a value of $2.50 per share.
F2 Mr. Berman is the general partner of Avon Road.