Michael S. Levy - Jan 28, 2022 Form 4 Insider Report for Hall of Fame Resort & Entertainment Co (HOFV)

Signature
Tara Charnes, Attorney-in-Fact
Stock symbol
HOFV
Transactions as of
Jan 28, 2022
Transactions value $
-$1,814
Form type
4
Date filed
2/1/2022, 08:16 PM
Previous filing
Jan 31, 2022
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOFV Common Stock Award $0 +4.97K +2.04% $0.00 249K Jan 28, 2022 Direct F1, F2
transaction HOFV Common Stock Sale -$1.81K -1.63K -0.66% $1.11* 247K Feb 1, 2022 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents fully vested shares of common stock received at the election of the reporting person under the Hall of Fame Resort & Entertainment Company Amended 2020 Omnibus Incentive Plan as partial payment of the first of two installments of the reporting person's annual bonus for 2021.
F2 Includes: (i) 55,742 unvested restricted stock units ("RSUs") that were granted on September 22, 2020 and vest on July 1, 2022; and (ii) 70,176 unvested RSUs that were granted on January 22, 2021 and vest in two equal installments on January 22, 2023 and January 22, 2024.
F3 This sale was made by the reporting person to cover tax liabilities pursuant to Hall of Fame Resort & Entertainment Company's (the "Company") mandatory sell-to-cover policy in connection with the grant of fully vested shares of common stock and does not represent a discretionary transaction by the reporting person.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.11 to $1.12, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (4) to this Form 4.