D. Schachtel - Oct 14, 2021 Form 4/A - Amendment Insider Report for SilverSun Technologies, Inc. (SSNT)

Role: Director
Signature: /s/ John David Schachtel
Stock symbol: SSNT
Transactions as of: Oct 14, 2021
Transactions value $: $78,373
Form type: 4/A - Amendment
Date filed: 12/14/2023, 04:15 PM
Date Of Original Report: Dec 13, 2023
Previous filing: Sep 16, 2021
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SSNT	Common Stock	Options Exercise	$78.4K	+7.98K	+187.17%	$9.82	12.2K	Dec 11, 2023	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SSNT	Stock Option	Award	$0	+20K		$0.00	20K	Oct 14, 2021	Common Stock	20K	$5.90	Direct	F3
transaction	SSNT	Stock Option	Options Exercise	$0	-20K	-100%	$0.00^*	0	Dec 11, 2023	Common Stock	7.98K	$5.90	Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Represents a cashless exercise of outstanding stock options to purchase 20,000 shares of common stock. Mr. John Schachtel received 7,981 shares of common stock and surrendered 12,019 shares of common stock underlying the option in payment of the exercise price. The cashless exercise was based on the market price of $9.82. This price is the average of the closing trading price of the Issuer's common stock on the 5 trading days ending on and including December 8, 2023.
F2	The average of the closing trading price of the Issuer's common stock on the 5 trading days ending on and including December 8, 2023.
F3	Options become exercisable for 50% of the shares on the first anniversary of the grant and 50% of the shares on the second anniversary of the grant date.