Morad Sbahi - 09 Nov 2022 Form 4 Insider Report for AIRGAIN INC (AIRG)

Role: Chief Revenue Officer
Signature: /s/ Morad Sbahi
Issuer symbol: AIRG
Transactions as of: 09 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 14 Nov 2022, 19:54:07 UTC
Previous filing: 03 Mar 2022
Next filing: 03 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIRG	Common Stock	Award	$0	+50,000	+227%	$0.000000	72,043	09 Nov 2022	Direct	F1, F2

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	AIRG	Stock Option (Right to Buy)	Award	$0	+50,000		$0.000000	50,000	09 Nov 2022	Common Stock	50,000	$7.06	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Represents restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs shall vest in substantially equal installments on each of November 15, 2023; November 15, 2024; November 15, 2025; and November 15, 2026, subject to the Reporting Person's continued service to the Issuer through each such vesting date. The RSUs may accelerate under certain conditions pursuant to the Reporting Person's employment agreement.
F2	Includes RSUs.
F3	The option is exercisable as it vests. 25% of the shares subject to the option vest on November 9, 2023, and 1/48th of the total number of shares subject to the option will vest monthly thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date. The option may accelerate under certain conditions pursuant to the Reporting Person's employment agreement.