Thomas Bushey - Dec 19, 2022 Form 4 Insider Report for Ondas Holdings Inc. (ONDS)

Role: Director
Signature: /s/ Thomas Bushey
Stock symbol: ONDS
Transactions as of: Dec 19, 2022
Transactions value $: -$1,911
Form type: 4
Date filed: 12/21/2022, 08:32 PM
Previous filing: Dec 21, 2021
Next filing: Dec 27, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ONDS	Common Stock	Options Exercise	$0	+3.18K		$0.00	3.18K	Dec 19, 2022	Direct	F1
transaction	ONDS	Common Stock	Sale	-$1.91K	-1.04K	-32.82%	$1.83	2.14K	Dec 19, 2022	Direct	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
transaction	ONDS	Restricted Stock Units	Award	$0	+32.4K		$0.00	32.4K	Dec 19, 2022	Common Stock	32.4K		Direct	F3, F4
transaction	ONDS	Restricted Stock Units	Options Exercise	$0	-3.18K	-50%	$0.00	3.18K	Dec 19, 2022	Common Stock	3.18K		Direct	F3, F5

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

Explanation of Responses:

Id	Content
F1	Represents shares of Ondas Holdings Inc. (the "Company") common stock received upon vesting of Restricted Stock Units ("RSUs").
F2	These shares were sold by the Issuer to fund tax liability attributable to the vesting of the RSUs.
F3	Each RSU represents a contingent right to receive one share of common stock, par value $0.0001 per share, of the Company.
F4	These RSUs vest in four successive equal quarterly installments with the first vesting date commencing on the first day of the next calendar quarter, provided that the reporting person is a director of the Company on the applicable vesting dates. All RSUs granted to the reporting person shall vest in full immediately upon a change in control.
F5	These RSUs were granted on November 5, 2021 and vest in four successive equal quarterly installments with the first vesting date commencing on the first day of the next calendar quarter, provided that the reporting person is a director of the Company on the applicable vesting dates. All RSUs granted to the reporting person shall vest in full immediately upon a change in control. In connection with the vesting of these RSUs, 3,181 shares of common stock were delivered to the reporting person on December 19, 2022.