Robert John Benton - May 23, 2021 Form 4 Insider Report for MICT, Inc. (TIO)

Role
Director
Signature
/s/ Robert Benton
Stock symbol
TIO
Transactions as of
May 23, 2021
Transactions value $
-$144,800
Form type
4
Date filed
5/25/2021, 05:01 PM
Next filing
May 27, 2022

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 TIO Options to purchase Common Stock Award -$145K -80K -50% $1.81 80K May 23, 2021 Common Stock 80K $1.81 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 23, 2021, the reporting person was granted the option to purchase 80,000 shares of common stock at $1.81 per share pursuant to the Company's 2012 Option Plan (the "Plan"). The options will vest as follows: 50% of the options shall be fully vested upon their issuance; 25% of the options shall be vested following 12 months as of the date of their issuance and 25% of the options shall be vested following 24 months as of the date of their issuance. All capitalized but undefined terms have the meanings ascribed thereto by the Plan.