Jacob Suen - Mar 1, 2024 Form 4/A 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 $
$0
Form type
4/A
Date filed
3/21/2024, 08:25 PM
Date Of Original Report
Mar 19, 2024
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 Award $0 +1.26K +0.72% $0.00 177K Mar 15, 2024 Direct F1, F2
transaction AIRG Common Stock Award $0 +6.58K +3.72% $0.00 184K Mar 15, 2024 Direct F2, F3
transaction AIRG Common Stock Award $0 +69.2K +37.67% $0.00 253K 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 +124K $0.00 124K Mar 15, 2024 Common Stock 124K $5.38 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes restricted stock units
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 were 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 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.
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.

Remarks:

The Form 4 filed March 19, 2024, inadvertently gave the wrong number for the amount of securities beneficially owned directly following the reported transaction. This amendment fixes such error.