Andrew Africk - Sep 23, 2022 Form 4 Insider Report for CVD EQUIPMENT CORP (CVV)

Role: 10%+ Owner
Signature: /s/ Andrew Africk
Stock symbol: CVV
Transactions as of: Sep 23, 2022
Transactions value $: $64,400
Form type: 4
Date filed: 9/27/2022, 06:38 PM
Previous filing: Sep 27, 2022
Next filing: Oct 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVV	Common Stock	Purchase	$64.4K	+14K	+2.04%	$4.60	700K	Sep 23, 2022	See Explanation Note	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $4.55 to $4.64, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.
F2	ADA Partners, L.P. ("Partners") is the direct beneficial owner of the 699,838 shares of Common Stock. The general partner of Partners is ADA Partners GP, LLC ("GP"), of which Andrew Africk is the sole member and manager. Andrew Africk, as the sole member and manager of GP, may be deemed to beneficially own the 699,838 shares of Common Stock beneficially owned by GP as a result of being the general partner of Partners. Africk disclaims beneficial ownership of the shares of Common Stock beneficially owned by GP, except to the extent of his pecuniary interest.

Content

The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $4.55 to $4.64, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.

ADA Partners, L.P. ("Partners") is the direct beneficial owner of the 699,838 shares of Common Stock. The general partner of Partners is ADA Partners GP, LLC ("GP"), of which Andrew Africk is the sole member and manager. Andrew Africk, as the sole member and manager of GP, may be deemed to beneficially own the 699,838 shares of Common Stock beneficially owned by GP as a result of being the general partner of Partners. Africk disclaims beneficial ownership of the shares of Common Stock beneficially owned by GP, except to the extent of his pecuniary interest.