Robert A. Berman - 18 Aug 2023 Form 4 Insider Report for Rekor Systems, Inc. (REKR)

Role
Chief Executive Officer, Director
Signature
/s/ Robert A. Berman
Issuer symbol
REKR
Transactions as of
18 Aug 2023
Net transactions value
+$203,425
Form type
4
Filing time
22 Aug 2023, 07:29:01 UTC
Previous filing
16 Jun 2023
Next filing
28 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REKR Common Stock Purchase $78,425 +25,000 +2.5% $3.14 1,025,219 18 Aug 2023 Direct F1
transaction REKR Common Stock Options Exercise $75,000 +50,000 +4.9% $1.50 1,075,219 18 Aug 2023 Direct
transaction REKR Common Stock Options Exercise $50,000 +50,000 +4.7% $1.00 1,125,219 18 Aug 2023 Direct
holding REKR Common Stock 1,165,104 18 Aug 2023 By Avon Road Partners, L.P. 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 REKR Employee Stock Option (right to buy) Options Exercise $0 -50,000 -100% $0.000000* 0 18 Aug 2023 Common Stock 50,000 $1.50 Direct
transaction REKR Employee Stock Option (right to buy) Options Exercise $0 -50,000 -100% $0.000000* 0 18 Aug 2023 Common Stock 50,000 $1.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $3.11 to $3.15. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the issuer or the security holders of the issuer full information regarding the number of shares and prices at which each transaction was effected.
F2 Mr. Berman is the general partner of Avon Road.