Kenneth J. Burns JR - Mar 10, 2023 Form 4 Insider Report for ATLAS TECHNICAL CONSULTANTS, INC. (ATCX)

Role: Chief Operating Officer
Signature: /s/ Kenneth J. Burns JR, by Bradford Twombly as Attorney-in-Fact
Stock symbol: ATCX
Transactions as of: Mar 10, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/14/2023, 08:16 PM
Previous filing: Feb 28, 2023
Next filing: Apr 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ATCX	Class A common stock	Award	$0	+20.5K	+28.37%	$0.00	92.6K	Mar 10, 2023	Direct	F1

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	ATCX	Performance Stock Units	Award	$0	+20.5K	+81.74%	$0.00	45.5K	Mar 10, 2023	Class A Common Stock	20.5K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	On March 10, 2023 (the "Grant Date") the Reporting Person received an award of restricted stock units ("RSUs"), which will vest as follows: 1/3 on March 10, 2024, 1/3 on March 10, 2025 and 1/3 on March 10, 2026. Each RSU represents the right to receive one share of Class A common stock, par value $0.0001 per share ("Class A common stock"), of Atlas Technical Consultants, Inc. Except as otherwise provided in the applicable RSU award agreement, the shares of Class A common stock underlying the RSUs will be delivered to the Reporting Person within 30 days of the applicable vesting date.
F2	On the Grant Date, the Reporting Person received an award of performance stock units ("PSUs"). Each PSU represents a contingent right to receive one share of Class A common stock. The amount reported represents the "target" number, and vests upon the achievement of specified metrics during the performance period as described in the related grant agreement.

Content

On March 10, 2023 (the "Grant Date") the Reporting Person received an award of restricted stock units ("RSUs"), which will vest as follows: 1/3 on March 10, 2024, 1/3 on March 10, 2025 and 1/3 on March 10, 2026. Each RSU represents the right to receive one share of Class A common stock, par value $0.0001 per share ("Class A common stock"), of Atlas Technical Consultants, Inc. Except as otherwise provided in the applicable RSU award agreement, the shares of Class A common stock underlying the RSUs will be delivered to the Reporting Person within 30 days of the applicable vesting date.

On the Grant Date, the Reporting Person received an award of performance stock units ("PSUs"). Each PSU represents a contingent right to receive one share of Class A common stock. The amount reported represents the "target" number, and vests upon the achievement of specified metrics during the performance period as described in the related grant agreement.