Tom Furukawa - Oct 14, 2021 Form 4 Insider Report for LOGIQ, INC. (LGIQ)

Role: CHIEF EXECUTIVE OFFICER
Signature: /s/ Tom Furukawa
Stock symbol: LGIQ
Transactions as of: Oct 14, 2021
Transactions value $: -$29,163
Form type: 4
Date filed: 10/22/2021, 05:01 PM
Previous filing: Sep 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LGIQ	Common Stock	Options Exercise		+33.3K	+62.99%		86.3K	Oct 14, 2021	Direct	F1
transaction	LGIQ	Common Stock	Tax liability	-$29.2K	-11.5K	-13.36%	$2.53	74.7K	Oct 14, 2021	Direct	F2

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	-20%	$0.00	133K	Oct 14, 2021	Common Stock	33.3K		Direct	F1, F3

* 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	The reporting person received 33,333 shares of common stock upon vesting of the Restricted Stock Units, as reported in this Form 4. The reporting person forfeited 11,527 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the market price of the issuer's common stock at the time of forfeiture.
F3	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.