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

Role
Chief Executive Officer, Director
Signature
/s/ Robert A. Berman
Stock symbol
REKR
Transactions as of
Aug 18, 2023
Transactions value $
$203,425
Form type
4
Date filed
8/22/2023, 07:29 AM
Previous filing
Jun 16, 2023
Next filing
Aug 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REKR Common Stock Purchase $78.4K +25K +2.5% $3.14 1.03M Aug 18, 2023 Direct F1
transaction REKR Common Stock Options Exercise $75K +50K +4.88% $1.50 1.08M Aug 18, 2023 Direct
transaction REKR Common Stock Options Exercise $50K +50K +4.65% $1.00 1.13M Aug 18, 2023 Direct
holding REKR Common Stock 1.17M Aug 18, 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 -50K -100% $0.00* 0 Aug 18, 2023 Common Stock 50K $1.50 Direct
transaction REKR Employee Stock Option (right to buy) Options Exercise $0 -50K -100% $0.00* 0 Aug 18, 2023 Common Stock 50K $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.