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

Role: Director
Signature: /s/ John McMillan Scott
Stock symbol: TIO
Transactions as of: May 23, 2021
Transactions value $: -$289,600
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	-$290K	-160K	-50%	$1.81	160K	May 23, 2021	Common Stock	160K	$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 160,000 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.

Content

On May 23, 2021, the reporting person was granted the option to purchase 160,000 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.