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

Role: Chief Executive Officer, Director
Signature: /s/ Nicholas Radford
Stock symbol: KITT
Transactions as of: Dec 31, 2023
Transactions value $: -$12,587
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		+73.5K	+2.47%		3.04M	Dec 31, 2023	Direct	F1
transaction	KITT	Common Stock	Sale	-$12.6K	-19.7K	-0.65%	$0.64	3.02M	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	-144K	-50%	$0.00	144K	Dec 31, 2023	Common Stock	144K		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.

Content

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.

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.