Gary Williams - Jul 12, 2023 Form 4 Insider Report for WISA TECHNOLOGIES, INC. (WISA)

Role
Chief Accounting Officer and VP of Finance
Signature
/s/ Gary Williams
Stock symbol
WISA
Transactions as of
Jul 12, 2023
Transactions value $
$0
Form type
4
Date filed
7/14/2023, 07:54 PM
Previous filing
Dec 20, 2022
Next filing
Nov 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WISA Common Stock Award $0 +52K +5862.46% $0.00 52.9K Jul 12, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 52,000 shares (the "LTIP Shares") of common stock, par value $0.0001 per share, of the issuer were received as compensation for the reporting person's service as an officer pursuant to the issuer's 2018 Long-Term Stock Incentive Plan (the "Grant"). The LTIP Shares associated with the Grant are scheduled to vest in equal installments, commencing on November 15, 2023 and every six (6) months thereafter until May 15, 2026, so long as the reporting person remains in the service of the issuer on each such date.
F2 On January 26, 2023, the issuer effected a 1-for-100 reverse stock split. The number of securities reported on this Form 4 have been adjusted to reflect the reverse stock split as the split pertained to the number of securities of the issuer that the reporting person held prior to the grant of the LTIP Shares.

Remarks:

Chief Accounting Officer and VP of Finance