Mark Wong - 01 Jul 2021 Form 4 Insider Report for S&W Seed Co (SANW)

Role: CEO and President, Director
Signature: /s/ Matthew Szot, Attorney-in-Fact
Issuer symbol: SANW
Transactions as of: 01 Jul 2021
Net transactions value: -$17,370
Form type: 4
Filing time: 06 Jul 2021, 16:29:56 UTC
Next filing: 04 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SANW	Common Stock	Options Exercise		+3,125	+1.2%		259,683	01 Jul 2021	Direct	F1, F2
transaction	SANW	Common Stock	Tax liability	$17,370	-4,785	-1.8%	$3.63	254,898	01 Jul 2021	Direct	F3

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	SANW	Restricted Stock Units	Options Exercise	$0	-3,125	-100%	$0.000000^*	0	01 Jul 2021	Common Stock	3,125		Direct	F2, F4

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

Explanation of Responses:

Id	Content
F1	Represents the settlement of restricted stock units ("RSUs") that vested on July 1, 2021 through the issuance of shares of common stock.
F2	Each RSU is the economic equivalent of one share of S&W Seed Company common stock. The closing price of SANW on July 1, 2021 was $3.63.
F3	The reporting person is reporting the withholding by the Issuer of an aggregate of 4,785 shares of common stock that vested on July 1, 2021 pursuant to RSU awards granted on August 31, 2018, October 14, 2019 and October 1, 2020, but that were not issued in order to satisfy the reporting person's tax withholding obligations upon settlement of the RSU award.
F4	On August 31, 2018, the reporting person was granted 37,500 RSUs, of which the remaining 3,125 vested on July 1, 2021. The RSU vested quarterly over three years on the first day of each fiscal quarter, commencing on October 1, 2018 and continuing thereafter on the first day of each succeeding fiscal quarter through and including July 1, 2021.