Brett Moyer - 16 Aug 2021 Form 4/A - Amendment Insider Report for Summit Wireless Technologies, Inc. (DVLT)

Role
Chief Executive Officer, President and Chairman of the Board, Director
Signature
/s/ Brett Moyer
Issuer symbol
DVLT
Transactions as of
16 Aug 2021
Net transactions value
-$123,742
Form type
4/A - Amendment
Filing time
23 Dec 2021, 18:32:04 UTC
Date Of Original Report
18 Aug 2021
Previous filing
04 Mar 2022
Next filing
29 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WISA Common Stock Sale $38,751 -12,072 -2.8% $3.21 420,562 16 Aug 2021 Direct F1
transaction WISA Common Stock Sale $84,990 -27,505 -6.5% $3.09 393,057 16 Aug 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock, par value $0.0001 per share, of the issuer (the "Common Stock") transferred pursuant to a currently effective qualified domestic relations order.
F2 This amendment is being filed to correct the original footnote regarding the disposition of the shares ("Shares") of Common Stock, as reported in the original Form 4. Upon the vesting on August 15, 2021 of shares of Common Stock and restricted stock units held by the reporting person, the Shares were withheld to satisfy payment of the Issuer's tax withholding payment obligations which were later sold by the Issuer on behalf of all vested employees to cover tax obligations and were not a discretionary transaction by the reporting person.

Remarks:

Chief Executive Officer, President and Chairman of the Board