Joshua Horowitz - Jun 1, 2022 Form 4 Insider Report for Limbach Holdings, Inc. (LMB)

Role: Director
Signature: /s/ Joshua S. Horowitz
Stock symbol: LMB
Transactions as of: Jun 1, 2022
Transactions value $: $37,421
Form type: 4
Date filed: 6/1/2022, 06:01 PM
Previous filing: May 25, 2022
Next filing: Nov 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LMB	Common Stock	Purchase	$37.4K	+6.32K	+2.59%	$5.93^*	250K	Jun 1, 2022	By Palm Global Small Cap Master Fund LP	F1, F5
holding	LMB	Common Stock						21.9K	Jun 1, 2022	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						1.07K	Jun 1, 2022	Common Stock	1.07K		Direct	F2
holding	LMB	Restricted Stock Units						2.13K	Jun 1, 2022	Common Stock	2.13K		Direct	F3
holding	LMB	Restricted Stock Units						8.88K	Jun 1, 2022	Common Stock	8.88K		Direct	F4

* 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 27.241732% on January 1, 2021 and 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	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, 2022. The RSUs are scheduled to cliff vest on January 1, 2023.
F5	The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.85 to $5.95 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.