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

Role
Chief Financial Officer
Signature
/s/ Michael Elbaz
Issuer symbol
AIRG
Transactions as of
15 Mar 2024
Net transactions value
$0
Form type
4/A
Filing time
21 Mar 2024, 20:09:59 UTC
Date Of Original Report
19 Mar 2024
Previous filing
20 Dec 2023
Next filing
26 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRG Common Stock Award $0 +4,992 +6.3% $0.000000 83,617 15 Mar 2024 Direct F1, F2
transaction AIRG Common Stock Award $0 +29,968 +36% $0.000000 113,585 15 Mar 2024 Direct F2, F3

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 +53,700 $0.000000 53,700 15 Mar 2024 Common Stock 53,700 $5.38 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units (RSU). 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.
F2 Includes RSUs.
F3 Represents RSUs. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs shall vest in substantially four equal installments on 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.
F4 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.

Remarks:

On March 19, 2024, the Reporting Person filed a Form 4 in which transactions were inadvertently reported prior to occurrence by the Reporting person. The company is filing a Form 4 to report those transactions that occurred on March 21, 2024 in a timely manner.