Nicholas Hughes Jones - Nov 1, 2021 Form 4/A - Amendment Insider Report for Mawson Infrastructure Group Inc. (MIGI)

Role: Chief Commercial Officer
Signature: /s/ Nicholas Jeremy Hughes-Jones
Stock symbol: MIGI
Transactions as of: Nov 1, 2021
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 6/22/2022, 06:11 AM
Date Of Original Report: Nov 3, 2021
Previous filing: Oct 12, 2021
Next filing: Jan 21, 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	MIGI	Restricted Stock Units	Award	$0	+600K		$0.00	600K	Nov 1, 2021	Common Stock	600K		Direct	F1, F2, F3
transaction	MIGI	Restricted Stock Units	Award	$0	+69.1K		$0.00	69.1K	Dec 15, 2021	Common Stock	69.1K		Direct	F1, F2, F4

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

Explanation of Responses:

Id	Content
F1	On November 3, 2021 the reporting person filed a Form 4 (the "November 2021 Form 4") which reported 600,000 restricted stock units (RSUs) as Common Stock in Table I and that the reporting person beneficially owned an aggregate of 600,000 shares of Common Stock, including those RSUs. Similarly, on January 21, 2022, the reporting person filed a Form 4 (the "January 2022 Form 4") which reported 69,079 RSUs as Common Stock in Table I and that the reporting person beneficially owned an aggregate of 669,079 shares of Common Stock, including the RSUs reported in the November 2021 Form 4 and in the January 2022 Form 4 (together, the "Prior Form 4s"). RSUs reported in the Prior Form 4s may be settled in cash under the Plan (as defined below). The Prior Form 4s are being amended hereby to report the RSUs reported in Table I of the Prior Form 4s in Table II as Derivative Securities and to correct the reporting person's beneficial ownership of Common Stock.
F2	Each RSU is issued under and subject to the terms of the Mawson Infrastructure Group Inc 2021 Equity Incentive Plan ("Plan"), and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination, at the discretion of the Administrator of the Plan.
F3	All RSUs granted under this award vested at the latest on December 31, 2021.
F4	The RSUs granted under this award vest upon the Issuer achieving certain operational performance goals during a specified performance period ending June 30, 2024, subject to additional terms set forth in the Award Agreement by and between the Reporting Person and the Issuer and in the Plan.