David B. Kunin - Jan 31, 2022 Form 4 Insider Report for NORTECH SYSTEMS INC (NSYS)

Role
Director, 10%+ Owner
Signature
/s/ Mark Hooley, as Attorney-in-Fact for David Kunin
Stock symbol
NSYS
Transactions as of
Jan 31, 2022
Transactions value $
$30,247
Form type
4
Date filed
2/2/2022, 03:44 PM
Previous filing
Jan 28, 2022
Next filing
Feb 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSYS Common Stock Purchase $9.99K +995 +2.4% $10.05 42.5K Jan 31, 2022 Direct F2, F3
transaction NSYS Common Stock Purchase $10.1K +995 +2.34% $10.17 43.5K Feb 1, 2022 Direct F2, F4
transaction NSYS Common Stock Purchase $10.1K +995 +2.29% $10.18 44.5K Feb 2, 2022 Direct F2
holding NSYS Common Stock 1.34M Jan 31, 2022 By Curtis Squire, Inc. F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Voting and dispositive power over shares held by Curtis Squire, Inc. is shared by Curtis Squires' board of directors. The reporting person is a member of Curtis Squires' board of directors, and as such, the reporting person is deemed to hold shared voting and dispositive power over these shares.
F2 The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 14, 2021.
F3 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.00 to $10.15, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth.
F4 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.15 to $10.18, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth.

Remarks:

Exhibit 24.1 - Power of Attorney incorporated by reference to the Reporting Person's Form 4 filed on January 20, 2022.