Donnelly Bohan - Dec 31, 2023 Form 4 Insider Report for Nauticus Robotics, Inc. (KITT)

Signature
/s/ Donnelly Bohan
Stock symbol
KITT
Transactions as of
Dec 31, 2023
Transactions value $
-$11,748
Form type
4
Date filed
1/3/2024, 09:44 PM
Previous filing
May 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KITT Common Stock Options Exercise +68.6K +101.83% 136K Dec 31, 2023 Direct F1
transaction KITT Common Stock Sale -$11.7K -18.4K -13.51% $0.64 118K Jan 2, 2024 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 KITT Performance RSU Options Exercise $0 -134K -50% $0.00 134K Dec 31, 2023 Common Stock 134K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sell-Cover; cash proceeds delivered to the issuer to satisfy tax withholding. Each Restricted Stock Unit ("RSU") is issued pursuant to the Company's 2022 Omnibus Incentive Plan and represents a contingent right to receive one share of common stock, and vesting (i.e., forfeiture restriction termination) generally is subject to the reporting person remaining an employee or director of the Company, its affiliates or subsidiaries.
F2 0% to 150% of these Performance RSUs may vest in two (2) equal installments on each of December 31, 2023 and December 31, 2024, based the Company's revenue.