Tom Furukawa - Sep 7, 2021 Form 4 Insider Report for LOGIQ, INC. (LGIQ)

Role: CHIEF EXECUTIVE OFFICER
Signature: /s/ Tom Furukawa
Stock symbol: LGIQ
Transactions as of: Sep 7, 2021
Transactions value $: -$48,961
Form type: 4
Date filed: 9/9/2021, 08:30 PM
Next filing: Oct 22, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LGIQ	Common Stock	Options Exercise		+33.3K	+100.77%		66.4K	Sep 7, 2021	Direct	F1
transaction	LGIQ	Common Stock	Sale	-$49K	-13.5K	-20.31%	$3.63	52.9K	Sep 7, 2021	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	LGIQ	Restricted Stock Units	Options Exercise	$0	-33.3K	-16.67%	$0.00	167K	Sep 7, 2021	Common Stock	33.3K		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	This transaction was a broker-assisted sale of shares to satisfy the payment of withholding tax liability incurred upon the vesting of restricted stock units.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.60 to $3.72, inclusive. The reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4	Prior to the Initial Vesting Date, the Vested Ratio shall be zero. On the Initial Vesting Date, the Vested Ratio shall be 1/6, provided the Grantee's service has not been terminated prior to the Initial Vesting Date. For each 6 month period of Grantee service from the Initial Vesting Date until the Vested Ratio equals 1/1, the Vested Ratio shall be increased by 1/6. This Restricted Stock Unit will be fully vested after three (3) years of service.