Nelson Obus - Aug 26, 2022 Form 4 Insider Report for Williams Industrial Services Group Inc. (WLMS)

Role
Director, 10%+ Owner
Signature
/s/ Charles E. Wheelock for Nelson Obus by Power of Attorney
Stock symbol
WLMS
Transactions as of
Aug 26, 2022
Transactions value $
$81,822
Form type
4
Date filed
8/30/2022, 05:05 PM
Previous filing
Jun 7, 2022
Next filing
Sep 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLMS Common Stock, $0.01 par value per share Purchase $66.1K +40K +0.62% $1.65 6.45M Aug 26, 2022 See Footnote F1, F2, F3
transaction WLMS Common Stock, $0.01 par value per share Purchase $15.7K +9.54K +0.15% $1.65 6.46M Aug 29, 2022 See Footnote F1, F2, F4
holding WLMS Common Stock, $0.01 par value per share 296K Aug 26, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As of the date of this Form 4, Mr. Obus is (i) a principal executive officer of Wynnefield Capital, Inc., which is the sole investment manager of Wynnefield Small Cap Value Offshore Fund, Ltd., which beneficially owns 1,576,306 shares of the issuer's common stock; (ii) a co-managing member of Wynnefield Capital Management, LLC, which is the sole general partner of Wynnefield Partners Small Cap Value, L.P. I, which beneficially owns 2,507,938 shares of the issuer's common stock, and the sole general partner of Wynnefield Partners Small Cap Value, L.P., which beneficially owns 2,118,636 shares of the issuer's common stock; and (iii) a co-trustee of Wynnefield Capital, Inc. Profit Sharing & Money Purchase Plan, which beneficially owns 255,276 shares of the issuer's common stock. Mr. Obus disclaims beneficial ownership of the securities described in this footnote except to the extent of his pecuniary interest.
F2 On August 26, 2022 and August 29, 2022, Wynnefield Small Cap Value Offshore Fund, Ltd. purchased 7,934 and 1,892 shares, respectively; Wynnefield Partners Small Cap Value, L.P. I purchased 19,519 and 4,656 shares, respectively; and Wynnefield Partners Small Cap Value, L.P. purchased 12,554 and 2,995 shares, respectively.
F3 Represents the weighted average purchase price of multiple transactions, with shares purchased at prices ranging from $1.62 to $1.67 per share. The reporting person hereby undertakes to provide, upon request by the U.S. Securities and Exchange Commission staff, the issuer or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.
F4 Represents the weighted average purchase price of multiple transactions, with shares purchased at prices ranging from $1.64 to $1.65 per share. The reporting person hereby undertakes to provide, upon request by the U.S. Securities and Exchange Commission staff, the issuer or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.