George Oliva - 12 Jul 2023 Form 4 Insider Report for WISA TECHNOLOGIES, INC. (DVLT)

Role: Chief Financial Officer
Signature: /s/ George Oliva
Issuer symbol: DVLT
Transactions as of: 12 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 14 Jul 2023, 20:37:54 UTC
Previous filing: 20 Dec 2022
Next filing: 25 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WISA	Common Stock	Award	$0	+30,000	+1146%	$0.000000	32,618	12 Jul 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	30,000 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"). Pursuant to a separation agreement entered into by the issuer and the reporting person on July 11, 2023 (the "Separation Agreement"), the LTIP Shares associated with the Grant will fully vest on December 20, 2023 (the "Separation Date"), or earlier pursuant to the terms of the Separation Agreement. All shares previously issued to the reporting person (other than the LTIP shares) will vest on the Separation 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.

Content

30,000 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"). Pursuant to a separation agreement entered into by the issuer and the reporting person on July 11, 2023 (the "Separation Agreement"), the LTIP Shares associated with the Grant will fully vest on December 20, 2023 (the "Separation Date"), or earlier pursuant to the terms of the Separation Agreement. All shares previously issued to the reporting person (other than the LTIP shares) will vest on the Separation Date.

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:

Effective as of July 11, 2023, the reporting person resigned as Chief Financial Officer.