Steven James Hartman - Oct 14, 2021 Form 4 Insider Report for LOGIQ, INC. (LGIQ)

Signature
/s/ Steven James Hartman
Stock symbol
LGIQ
Transactions as of
Oct 14, 2021
Transactions value $
-$14,583
Form type
4
Date filed
10/22/2021, 05:01 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LGIQ Common Stock Options Exercise +16.7K 16.7K Oct 14, 2021 Direct F1
transaction LGIQ Common Stock Tax liability -$14.6K -5.76K -33.34% $2.53 11.5K 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 Unit Options Exercise $0 +16.7K +25% $0.00 83.3K Oct 14, 2021 Common Stock 16.7K 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 16,666 shares of common stock upon vesting of the Restricted Stock Units, as reported in this Form 4. The reporting person forfeited 5,764 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.