Israel Niv - 17 May 2023 Form 4 Insider Report for ACTELIS NETWORKS INC (ASNS)

Role: Director
Signature: /s/ Israel Niv
Issuer symbol: ASNS
Transactions as of: 17 May 2023
Net transactions value: -$1,401
Form type: 4
Filing time: 18 May 2023, 16:05:40 UTC
Previous filing: 19 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASNS	Common stock, par value $0.0001	Sale	$1,401	-422	-0.62%	$3.32	67,218	17 May 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.

Content

The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.