Hetal Majithia - 10 Aug 2022 Form 4 Insider Report for Mawson Infrastructure Group Inc. (MIGI)

Role
Chief Financial Officer
Signature
/s/ Hetal Majithia
Issuer symbol
MIGI
Transactions as of
10 Aug 2022
Net transactions value
$0
Form type
4
Filing time
12 Aug 2022, 09:30:17 UTC
Previous filing
22 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MIGI Common Stock Conversion of derivative security $0 +7,862 $0.000000 7,862 11 Aug 2022 Direct

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 Conversion of derivative security $0 -7,862 -50% $0.000000 7,863 11 Aug 2022 Common stock 7,862 Direct F1
transaction MIGI Restricted Stock Units Other $0 -3,932 -50% $0.000000 3,931 10 Aug 2022 Common stock 3,932 Direct F2, F3, F4, F5
transaction MIGI Restricted Stock Units Other $0 -14,803 -100% $0.000000* 0 10 Aug 2022 Common stock 14,803 Direct F3, F4, F6
transaction MIGI Restricted Stock Units Other $0 -26,209 -100% $0.000000* 0 10 Aug 2022 Common stock 26,209 Direct F3, F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Hetal Majithia is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Conversion of Restricted Stock Units (RSUs), which were reported in the Form 4 filed on June 22, 2022, to common stock. These RSUs represent the equal instalments which vested on March 31, 2022 (exercisable April 1, 2022), and June 30, 2022 (exercisable July 1, 2022).
F2 These RSUs were reported in the Form 4 filed on June 22, 2022, and are the RSUs that were to vest at the end of the last quarter of 2022.
F3 Forfeiture on exit.
F4 Once vested, these RSUs would have been exercisable up until their Expiration Date, had they not been forfeited.
F5 These remaining RSUs would have been forfeited on the exit of the Reporting Person, however the Administrator exercised its discretion to cause these remaining RSUs not to be forfeited on exit as the Reporting Person had served most of the vesting period, and as an acknowledgment of the Reporting Person's contribution.
F6 These RSUs were reported in the Form 4 filed on January 21, 2022, and in the Form 4/A filed on June 21, 2022.
F7 These RSUs were reported in the Form 4 filed on June 22, 2022.

Remarks:

This "Exit" Form 4 is voluntarily filed to report that the Reporting Person is no longer serving in the role as the Company's Chief Financial Officer, effective on and from August 10, 2022, and therefore is no longer subject to Section 16 reporting.