Joshua Horowitz - Dec 14, 2021 Form 4 Insider Report for Limbach Holdings, Inc. (LMB)

Role
Director
Signature
/s/ Joshua S. Horowitz
Stock symbol
LMB
Transactions as of
Dec 14, 2021
Transactions value $
$80,712
Form type
4
Date filed
12/16/2021, 04:34 PM
Previous filing
Dec 9, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMB Common Stock Purchase $33.9K +4.67K +2.1% $7.25 227K Dec 14, 2021 By Palm Global Small Cap Master Fund LP F1
transaction LMB Common Stock Purchase $25.4K +3.5K +1.54% $7.25 231K Dec 15, 2021 By Palm Global Small Cap Master Fund LP F1, F4
transaction LMB Common Stock Purchase $21.5K +2.93K +1.27% $7.32 234K Dec 16, 2021 By Palm Global Small Cap Master Fund LP F1, F5
holding LMB Common Stock 16.8K Dec 14, 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 Dec 14, 2021 Common Stock 2.13K Direct F2
holding LMB Restricted Stock Units 3.2K Dec 14, 2021 Common Stock 3.2K Direct F3
* 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 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.
F3 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.
F4 The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.21 to $7.29 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.
F5 The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.25 to $7.35 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.