Rodney Hillman - 23 Aug 2021 Form 4 Insider Report for Rekor Systems, Inc. (REKR)

Role: COO
Signature: /s/ Rod Hillman
Issuer symbol: REKR
Transactions as of: 23 Aug 2021
Net transactions value: +$26,667
Form type: 4
Filing time: 23 Aug 2021, 12:54:12 UTC
Next filing: 17 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	REKR	Common Stock	Options Exercise	$26,667	+33,334	+89%	$0.8000	70,745	23 Aug 2021	Direct	F1

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	REKR	Employee Stock Options (right to buy)	Options Exercise	$0	-33,334	-67%	$0.000000	16,666	23 Aug 2021	Common Stock	33,334	$0.8000	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes 16,666 restricted stock units which vest in equal installments on February 21, 2022 and February 21, 2023, the second and third anniversaries of the grant date.
F2	33,334 options vested in equal installments on May 8, 2020 and May 8, 2021, the first and second anniversaries of the grant date, respectively. The remaining 16,666 options vest on May 8, 2022, the third anniversary of the grant date.