Andrew L. Davis - 16 Jun 2024 Form 4 Insider Report for CPI AEROSTRUCTURES INC (CVU)

Role
Chief Financial Officer
Signature
/s/ Andrew Davis
Issuer symbol
CVU
Transactions as of
16 Jun 2024
Net transactions value
+$120,000
Form type
4
Filing time
20 Jun 2024, 18:01:50 UTC
Previous filing
30 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVU Common Stock Award $120,000 +43,956 +42% $2.73 149,413 16 Jun 2024 Direct F1
transaction CVU Common Stock Disposed to Issuer $0 -13,797 -9.2% $0.000000 135,616 16 Jun 2024 Direct F2
transaction CVU Common Stock Tax liability $0 -6,189 -4.6% $0.000000 129,427 16 Jun 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 43,956 shares of the Issuer's restricted Common Stock issued to the Reporting Person pursuant to the Issuer's Amended and Restated 2016 Long-Term Incentive Plan. The shares vest in four annual installments.
F2 Represents shares of the Issuer's Common Stock forfeited to the Issuer as of the transaction date, made pursuant to the terms of certain Restricted Stock Agreements made between the Reporting Person and Issuer, dated May 12, 2021, October 13, 2022 and June 28, 2023, respectively.
F3 Represents shares returned to the Issuer to pay withholding tax pursuant to the terms of certain Restricted Stock Agreements made between the Reporting Person and Issuer, dated May 12, 2021 and October 13, 2022, respectively.