Michael Fleck - Jun 16, 2022 Form 4 Insider Report for CYREN Ltd. (CYRN)

Role
VP Marketing
Signature
/s/ Michael Fleck
Stock symbol
CYRN
Transactions as of
Jun 16, 2022
Transactions value $
-$2,929
Form type
4
Date filed
6/23/2022, 04:24 PM
Previous filing
Mar 28, 2022
Next filing
Sep 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYRN Ordinary Shares Sale -$2.93K -1.51K -9.65% $1.94* 14.1K Jun 16, 2022 Direct F1, 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
holding CYRN Options (Right to Buy) 3.75K Jun 16, 2022 Common Stock 3.75K $34.40 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An aggregate of 15,000 restricted stock units held by the reporting person vested and settled on June 16, 2022. The Reporting Person sold the reported shares to cover the tax liability associated with the vesting of the restricted stock units.
F2 Reflects the 1 for 20 reverse share split which became effective on February 8, 2022.
F3 These Options (Right to Buy) vest 25% on August 11, 2021 and then monthly over the next three years.