David M. Howitt - Jan 13, 2022 Form 4 Insider Report for Summit Wireless Technologies, Inc. (WISA)

Role
Director
Signature
/s/ David M Howitt
Stock symbol
WISA
Transactions as of
Jan 13, 2022
Transactions value $
$0
Form type
4
Date filed
1/25/2022, 07:33 PM
Previous filing
Jan 25, 2022
Next filing
Jul 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WISA Common Stock Award $0 +12K +433.53% $0.00 14.8K Jan 13, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 12,000 shares (the "2022 Grant") of common stock, par value $0.0001 per share, of the issuer (the "Common Stock") were received as compensation for the reporting person's service as a member of the issuer's board of directors pursuant to the issuer's 2018 Long-Term Stock Incentive Plan. The shares of Common Stock associated with the 2022 Grant are scheduled to vest as follows: 1/5th of the 2022 Grant is scheduled to vest on September 15, 2022, and the remaining 4/5th of the 2022 Grant is scheduled to vest quarterly in equal installments over the next 36 months on each December 15th, March 15th, June 15th and September 15th thereafter until September 15, 2025, with such vesting only to occur so long as the reporting person remains in the service of the issuer on each such vesting date.

Remarks:

This late filing is due to a delay in obtaining the reporting person's CIK number from the Securities and Exchange Commission.