Thomas Bushey - Aug 17, 2023 Form 4 Insider Report for Ondas Holdings Inc. (ONDS)

Role: Director
Signature: /s/ Thomas Bushey
Stock symbol: ONDS
Transactions as of: Aug 17, 2023
Transactions value $: -$6,017
Form type: 4
Date filed: 8/21/2023, 09:48 PM
Previous filing: Mar 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ONDS	Common Stock	Options Exercise	$0	+16.2K	+6.42%	$0.00	269K	Aug 17, 2023	Direct	F1
transaction	ONDS	Common Stock	Sale	-$6.02K	-5.68K	-2.11%	$1.06	263K	Aug 17, 2023	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	Options Exercise	$0	-16.2K	-50%	$0.00	16.2K	Aug 17, 2023	Common Stock	16.2K		Direct	F3, F4

* 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, par value $0.0001 per share ("Common Stock"), received upon vesting of Restricted Stock Units ("RSUs").
F2	These shares were sold by the Company 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.
F4	On December 19, 2022, the reporting person was granted 32,432 RSUs. The RSUs (i) vested 25% on each of January 1, 2023, April 1, 2023, and July 1, 2023, and (ii) will vest 25% on October 1, 2023, provided that the reporting person is a director of the Company on the applicable vesting date. 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, 16,216 shares of common stock were delivered to the reporting person on August 17, 2023.