Michael Elbaz - Mar 15, 2024 Form 4 Insider Report for AIRGAIN INC (AIRG)

Role
Chief Financial Officer
Signature
/s/ Michael Elbaz, as attorney-infact
Stock symbol
AIRG
Transactions as of
Mar 15, 2024
Transactions value $
-$20,347
Form type
4
Date filed
3/19/2024, 09:54 PM
Previous filing
Dec 20, 2023
Next filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRG Common Stock Sale -$9.34K -1.74K -2.21% $5.38 76.9K Mar 15, 2024 Direct F1, F2
transaction AIRG Common Stock Award $0 +4.99K +6.49% $0.00 81.9K Mar 15, 2024 Direct F2, F3
transaction AIRG Common Stock Sale -$11K -2.05K -2.5% $5.38 79.8K Mar 15, 2024 Direct F1, F2
transaction AIRG Common Stock Award $0 +30K +37.54% $0.00 110K Mar 15, 2024 Direct F2, F4

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 +53.7K $0.00 53.7K Mar 15, 2024 Common Stock 53.7K $5.38 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 represents shares sold by the Reporting person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting person.
F2 Includes RSUs.
F3 Represents RSUs. Each RSU represents a contingent right to receive one share of the Issuer's common stock. All of the RSUs are fully vested and granted as a catch up for the 15% base salary reduction effective July 1, 2023.
F4 Represents 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 the March 15, 2025; March 15, 2026; March 15, 2027; and March 15, 2028, 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.
F5 The option is exercisable as it vests. 25% of the shares subject to the option vest on March 15, 2025, 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.