Jacob Suen - Mar 15, 2023 Form 4 Insider Report for AIRGAIN INC (AIRG)

Role
President and CEO, Director
Signature
/s/ Michael Elbaz, as attorney-in-fact
Stock symbol
AIRG
Transactions as of
Mar 15, 2023
Transactions value $
-$166,058
Form type
4
Date filed
3/17/2023, 09:46 PM
Previous filing
Mar 3, 2023
Next filing
Aug 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRG Common Stock Award $0 +104K +92.8% $0.00 216K Mar 15, 2023 Direct F1, F2
transaction AIRG Common Stock Tax liability -$166K -32.8K -15.16% $5.07 183K Mar 15, 2023 Direct 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 AIRG Stock Option (Right to Buy) Award $0 +41.8K $0.00 41.8K Mar 15, 2023 Common Stock 41.8K $5.07 Direct F4
* 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. 62,209 of the RSUs are fully vested and granted in lieu of cash payment of an annual bonus. 41,800 of the RSUs shall vest in substantially equal installments on each of March 15, 2024; March 15, 2025; March 15, 2026; and March 15, 2027, 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 Represents RSUs surrendered via a net settlement to satisfy tax withholding and remittance obligations in connection with the vesting of RSUs.
F4 The option is exercisable as it vests. 25% of the shares subject to the option vest on February 1, 2024, and 1/48th of the total number of shares subject to the option 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.