Sotirios J. Vahaviolos - Jan 9, 2023 Form 4 Insider Report for Mistras Group, Inc. (MG)

Role
Executive Chairman, Director, 10%+ Owner
Signature
Michael C. Keefe, attorney-in-fact for Sotirios J. Vahaviolos
Stock symbol
MG
Transactions as of
Jan 9, 2023
Transactions value $
$0
Form type
4
Date filed
1/18/2023, 05:07 PM
Previous filing
Jan 7, 2022
Next filing
Feb 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MG Common Stock Gift $0 -6.73M -78.25% $0.00 1.87M Jan 9, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction represents a gift by the reporting person to the Sotirios Vahaviolos January 2023 2-Year Grantor Retained Annuity Trust (GRAT). Dr. Vahaviolos has retained an interest in the value of the original principal contribution to the GRAT and will receive annuity payments which may be in shares If the GRAT retains the shares. Any shares retained by the GRAT after annuity payments will be distributed to the beneficiaries of the GRAT upon its termination in two years. Dr. Vahaviolos' daughter, who does not reside with him, is the trustee for the GRAT and will hold sole power over the voting and disposition of the shares held by the GRAT. Dr. Vahaviolos and the GRAT trustee have agreed that the GRAT will be subject to the issuer's insider trading compliance policy regarding the shares held by the GRAT.

Remarks:

Dr. Vahaviolos has voluntarily elected to report this transaction on a Form 4 around the time of this gift transaction rather than wait until after the end of the year and report the transaction on a Form 5.