Rodney Hillman - Sep 16, 2021 Form 4 Insider Report for Rekor Systems, Inc. (REKR)

Role
COO
Signature
/s/ Rod Hillman
Stock symbol
REKR
Transactions as of
Sep 16, 2021
Transactions value $
-$336
Form type
4
Date filed
9/17/2021, 08:14 PM
Previous filing
Aug 23, 2021
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REKR Common Stock Options Exercise $57.2K +15K +21.2% $3.81 85.7K Sep 16, 2021 Direct F1
transaction REKR Common Stock Sale -$57.5K -5.75K -6.7% $10.00 80K Sep 16, 2021 Direct F1, F2, 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 REKR Employee Stock Option (right to buy) Options Exercise $0 -15K -100% $0.00* 0 Sep 16, 2021 Common Stock 15K $3.81 Direct
* 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 Reflects a "sale to cover" transaction in connection with the reporting person's exercise of stock options to satisfy the payment of the exercise price of the stock options.
F3 This transaction was executed in multiple trades at prices ranging from $9.96 to $10.03. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the issuer or the security holders of the issuer full information regarding the number of shares and prices at which each transaction was effected.