Sheila Johnshoy - Apr 14, 2023 Form 4 Insider Report for Stran & Company, Inc. (SWAG)

Role: Chief Operating Officer
Signature: /s/ Sheila Johnshoy
Stock symbol: SWAG
Transactions as of: Apr 14, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/18/2023, 04:30 PM
Previous filing: Mar 21, 2022
Next filing: Feb 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SWAG	Common Stock	Award	$0	+5K	+100%	$0.00	10K	Apr 14, 2023	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	SWAG	Employee Stock Option (right to buy)	Award	$0	+5K	+100%	$0.00	10K	Apr 14, 2023	Common Stock	5K	$1.60	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On March 11, 2022, the reporting person was granted 5,000 shares of common stock and an option to purchase 40,000 shares for $1.60 per share, 5,000 of which vested and became exercisable immediately. Both the common stock and stock option were subject to a separate restriction on transfer which lapsed on September 11, 2022. The remaining 35,000 shares of common stock under the stock option vest subject to the issuer's attainment of certain performance-based conditions. On April 14, 2023, the Compensation Committee of the issuer determined that the performance-based conditions had been met for the vesting of the option as to 5,000 shares.

Content

On March 11, 2022, the reporting person was granted 5,000 shares of common stock and an option to purchase 40,000 shares for $1.60 per share, 5,000 of which vested and became exercisable immediately. Both the common stock and stock option were subject to a separate restriction on transfer which lapsed on September 11, 2022. The remaining 35,000 shares of common stock under the stock option vest subject to the issuer's attainment of certain performance-based conditions. On April 14, 2023, the Compensation Committee of the issuer determined that the performance-based conditions had been met for the vesting of the option as to 5,000 shares.