Kenneth J. Burns JR - Mar 18, 2022 Form 4 Insider Report for ATLAS TECHNICAL CONSULTANTS, INC. (ATCX)

Role: Chief Operating Officer
Signature: /s/ Kenneth J. Burns JR, by Bradford Twombly, as Attorney-in-Fact
Stock symbol: ATCX
Transactions as of: Mar 18, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/22/2022, 08:06 PM
Previous filing: Dec 15, 2021
Next filing: May 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ATCX	Class A Common Stock	Purchase	$0	+18.4K	+103.56%	$0.00	36.1K	Mar 18, 2022	Direct	F1

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	ATCX	Performance Stock Units	Award	$0	+18.4K	+275.71%	$0.00	25K	Mar 18, 2022	Class A Common Stock	18.4K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	On March 18, 2022 (the "Grant Date") the Reporting Person received an award of restricted stock units ("RSUs"), which will vest as follows: 1/3 on March 18, 2023, 1/3 on March 18, 2024 and 1/3 on March 18, 2025. Each RSU represents the right to receive one share of Class A common stock, par value $0.0001 per share ("Class A common stock"), of Atlas Technical Consultants, Inc. Except as otherwise provided in the applicable RSU award agreement, the shares of Class A common stock underlying the RSUs will be delivered to the Reporting Person within 30 days of the applicable vesting date.
F2	On the Grant Date, the Reporting Person received an award of performance stock units ("PSUs"). Each PSU represents a contingent right to receive one share of Class A common stock. The amount reported represents the "target" number, and vests upon the achievement of specified metrics during the performance period as described in the related grant agreement.

Content

On March 18, 2022 (the "Grant Date") the Reporting Person received an award of restricted stock units ("RSUs"), which will vest as follows: 1/3 on March 18, 2023, 1/3 on March 18, 2024 and 1/3 on March 18, 2025. Each RSU represents the right to receive one share of Class A common stock, par value $0.0001 per share ("Class A common stock"), of Atlas Technical Consultants, Inc. Except as otherwise provided in the applicable RSU award agreement, the shares of Class A common stock underlying the RSUs will be delivered to the Reporting Person within 30 days of the applicable vesting date.

On the Grant Date, the Reporting Person received an award of performance stock units ("PSUs"). Each PSU represents a contingent right to receive one share of Class A common stock. The amount reported represents the "target" number, and vests upon the achievement of specified metrics during the performance period as described in the related grant agreement.