Noam Shai Maital - Aug 18, 2022 Form 4 Insider Report for Rekor Systems, Inc. (REKR)

Role
CEO, Waycare Technologies Ltd.
Signature
/s/ Noam Shai Maital
Stock symbol
REKR
Transactions as of
Aug 18, 2022
Transactions value $
-$61,223
Form type
4
Date filed
8/19/2022, 06:00 PM
Previous filing
Nov 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REKR Common Stock Tax liability -$61.2K -38.5K -3.92% $1.59 943K Aug 18, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Noam Shai Maital is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Consists of 38,505 shares withheld for tax purposes in connection with the vesting of 85,095 Restricted Stock Units ("RSUs") on August 18, 2022.
F2 Includes 170,189 RSUs which shall vest in two equal installments on August 18, 2023 and August 18, 2024, all of which shall be defaulted as of August 20, 2022 upon the reporting person's separation of employment from the Company.

Remarks:

Effective as of August 20, 2022, the reporting person will no longer serve as an officer of the Company, and shall therefore no longer be subject to Section 16 reporting.