Joshua Horowitz - Jun 21, 2021 Form 4 Insider Report for Limbach Holdings, Inc. (LMB)

Role
Director
Signature
/s/ Joshua S. Horowitz
Stock symbol
LMB
Transactions as of
Jun 21, 2021
Transactions value $
$59,091
Form type
4
Date filed
6/22/2021, 02:45 PM
Previous filing
Jun 8, 2021
Next filing
Jul 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMB Common Stock Purchase $13.9K +1.51K +0.84% $9.20 180K Jun 21, 2021 By Palm Global Small Cap Master Fund LP F1, F2
transaction LMB Common Stock Purchase $45.2K +5K +2.78% $9.04 185K Jun 22, 2021 By Palm Global Small Cap Master Fund LP F1, F3
holding LMB Common Stock 16.8K Jun 21, 2021 Direct

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
holding LMB Restricted Stock Units 2.13K Jun 21, 2021 Common Stock 2.13K Direct F4
holding LMB Restricted Stock Units 3.2K Jun 21, 2021 Common Stock 3.2K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares are owned directly by Palm Global Small Cap Master Fund LP (the "Fund"). Palm Management (US) LLC ("Palm Management"), as the investment manager of the Fund, may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by the Fund. Due to his positions with the Fund and Palm Management, Mr. Joshua S. Horowitz may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by the Fund. Due to his position with Palm Management, Mr. Bradley C. Palmer may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by the Fund. Messrs. Palmer and Horowitz disclaim beneficial ownership of these shares except to the extent of their respective pecuniary interest therein.
F2 The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.15 and $9.24 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
F3 The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.03 and $9.05 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
F4 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock. This award of RSUs was granted on April 3, 2020. The award is subject to service-based vesting conditions and vests 36.379134% on each of January 1, 2022 and January 1, 2023, subject to continued service through the applicable vesting date.
F5 Each RSU represents a contingent right to receive one share of the Company's common stock. This award of RSUs was granted on January 1, 2021. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2022, January 1, 2023 and January 1, 2024, subject to continued service through the applicable vesting date.