Hetal Majithia - Dec 15, 2021 Form 4/A - Amendment Insider Report for Mawson Infrastructure Group Inc. (MIGI)

Role
Chief Financial Officer
Signature
/s/ Hetal Majithia
Stock symbol
MIGI
Transactions as of
Dec 15, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
6/22/2022, 06:30 AM
Date Of Original Report
Jan 21, 2022
Previous filing
Aug 27, 2021
Next filing
Jun 22, 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 +14.8K $0.00 14.8K Dec 15, 2021 Common Stock 14.8K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 21, 2022, the reporting person filed a Form 4 ("the Prior Form 4") which reported 14,803 restricted stock units (RSUs) as Common Stock in Table I and that the reporting person beneficially owned 14,803 shares of Common Stock. Because the reporting person at settlement may receive each of the RSUs reported in the Prior Form 4 as either one share of common stock or an equivalent cash amount or a combination at the discretion of the Administrator of the Plan (as defined below) the Prior Form 4 is being amended hereby to report the RSUs reported in Table I of the Prior Form 4 in Table II as Derivative Securities and to correct the reporting person's beneficial ownership of Common Stock by excluding those RSUs.
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 These RSUs shall 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.