Jacob Suen - Mar 1, 2024 Form 4 Insider Report for AIRGAIN INC (AIRG)

Role: President and CEO, Director
Signature: /s/ Michael Elbaz, as attorney-infact
Stock symbol: AIRG
Transactions as of: Mar 1, 2024
Transactions value $: -$68,124
Form type: 4
Date filed: 3/19/2024, 09:56 PM
Previous filing: Aug 23, 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	Tax liability	-$68.1K	-17.6K	-9.1%	$3.87	176K	Mar 1, 2024	Direct	F1, F2
transaction	AIRG	Common Stock	Award	$0	+1.26K	+0.74%	$0.00	171K	Mar 15, 2024	Direct	F2, F3
transaction	AIRG	Common Stock	Award	$0	+6.58K	+3.86%	$0.00	177K	Mar 15, 2024	Direct	F2, F4
transaction	AIRG	Common Stock	Award	$0	+69.2K	+39.85%	$0.00	243K	Mar 15, 2024	Direct	F2, F5

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	+124K		$0.00	124K	Mar 15, 2024	Common Stock	124K	$5.38	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects restricted stock units (RSU) surrendered via a net settlement to satisfy tax withholding and remittance obligations in connection with the vesting of RSUs.
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 are granted to replace the grantee's expired options.
F4	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 were granted as a catch up for the 15% base salary reduction effective July 1, 2023.
F5	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.
F6	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.