Noam Shai Maital - 03 Nov 2021 Form 4 Insider Report for Rekor Systems, Inc. (REKR)

Role: CEO, Waycare Technologies Ltd.
Signature: /s/ Noam Shai Maital
Issuer symbol: REKR
Transactions as of: 03 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 05 Nov 2021, 19:18:24 UTC
Previous filing: 20 Aug 2021
Next filing: 19 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	REKR	Common Stock	Award	$0	+255,284	+35%	$0.000000	981,978	03 Nov 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Consists of 255,284 restricted stock units ("RSUs"), which shall vest in three equal installments on August 18, 2022, August 18, 2023 and August 18, 2024. As previously disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 19, 2021, a pool of 686,248 RSUs was reserved for issuance to the continuing employees of Waycare Technologies Ltd. ("Waycare") in connection with the Company's acquisition of Waycare. Mr. Maital's 255,284 RSUs represent his total allotment from the pool. The RSUs have been issued in accordance with and are subject to the terms of Company's 2017 Equity Award Plan, as amended and restated.

Content

Consists of 255,284 restricted stock units ("RSUs"), which shall vest in three equal installments on August 18, 2022, August 18, 2023 and August 18, 2024. As previously disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 19, 2021, a pool of 686,248 RSUs was reserved for issuance to the continuing employees of Waycare Technologies Ltd. ("Waycare") in connection with the Company's acquisition of Waycare. Mr. Maital's 255,284 RSUs represent his total allotment from the pool. The RSUs have been issued in accordance with and are subject to the terms of Company's 2017 Equity Award Plan, as amended and restated.