Laurence S. Zipkin - Sep 22, 2022 Form 4 Insider Report for Mill City Ventures III, Ltd (MCVT)

Role
Director
Signature
/s/ Laurence S. Zipkin
Stock symbol
MCVT
Transactions as of
Sep 22, 2022
Transactions value $
$10,000
Form type
4
Date filed
9/23/2022, 07:32 PM
Previous filing
Aug 12, 2022
Next filing
Dec 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCVT Common Stock Award $10K +4.88K +9.41% $2.05 56.7K Sep 22, 2022 Direct F1, F2
holding MCVT Common Stock 51.9K Sep 22, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the reported amount, 6,667 common shares are subject to forfeiture pursuant to a restricted stock agreement with the issuer. Forfeiture restrictions on those 6,667 common shares lapse on January 24, 2023.
F2 Shares were acquired by the reporting person pursuant to a stock award made by the issuer, upon approval of the full Board of Directors and election of the reporting person, in lieu of regular cash compensation aggregating $10,000 payable for services as a director for the fiscal quarter ended September 30, 2022. The reported price is the closing market price of the common stock on the date of the stock award.