Joseph A. Geraci II - Sep 22, 2022 Form 4 Insider Report for Mill City Ventures III, Ltd (MCVT)

Role
Chief Financial Officer, Director
Signature
/s/ Joseph A. Geraci, II
Stock symbol
MCVT
Transactions as of
Sep 22, 2022
Transactions value $
$20,311
Form type
4
Date filed
9/23/2022, 07:33 PM
Previous filing
May 20, 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 $20.3K +9.91K +3.14% $2.05 326K Sep 22, 2022 Direct F2, F3
holding MCVT Common Stock 7.68K Sep 22, 2022 By spouse
holding MCVT Common Stock 129K Sep 22, 2022 By Lantern Advisers LLC F1
holding MCVT Common Stock 316K Sep 22, 2022 Direct F2
holding MCVT Common Stock 445 Sep 22, 2022 By self as UTMA custodian for minor child F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A Minnesota limited liability company of which the reporting person is a member and manager. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
F2 Of the reported amount, 10,000 common shares are subject to forfeiture pursuant to a restricted stock agreement with the issuer. Subject to the terms of the restricted stock grant agreement, those 10,000 shares are scheduled to vest on January 24, 2023.
F3 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 (net of taxes) payable 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.
F4 These common shares were transferred as a bona fide gift but remain "beneficially owned" under 17 CFR 240.13d-3. The reporting person disclaims beneficial ownership of these shares.