Gill Jeffrey T. - 21 Mar 2023 Form 4 Insider Report for SYPRIS SOLUTIONS INC (SYPR)

Role
President and CEO, Director, 10%+ Owner
Signature
Andrea J. Luescher by Power of Attorney on file with the Commission
Issuer symbol
SYPR
Transactions as of
21 Mar 2023
Net transactions value
-$26,599
Form type
4
Filing time
23 Mar 2023, 16:28:29 UTC
Previous filing
04 Apr 2022
Next filing
04 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYPR Common Stock Options Exercise $326,000 +200,000 +6.7% $1.63 3,207,238 21 Mar 2023 Direct
transaction SYPR Common Stock Tax liability $352,599 -173,694 -5.4% $2.03 3,033,544 21 Mar 2023 Direct
holding SYPR Common Stock 23,975 21 Mar 2023 By Spouse
holding SYPR Common Stock 1,918,109 21 Mar 2023 GFP I, LP F1

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 SYPR Stock Option (right to buy) Options Exercise $0 -200,000 -100% $0.000000* 0 21 Mar 2023 Common Stock 200,000 $1.63 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of limited partnership interests of GFP I, LP, a Delaware limited partnership. The reporting person, his spouse, and the trusts for the benefit of his three children are limited partners of GFP I, LP, and the reporting person is a director, executive officer and 50% shareholder in Gill Family Capital Management, Inc., the general partner of GFP I, LP.
F2 Vesting is 100% on the third anniversary of the grant date.