Rahul Mewawalla - 01 Jul 2024 Form 4 Insider Report for Mawson Infrastructure Group Inc. (MIGI)

Role
Director, CEO, President, Director
Signature
/s/ Kaliste Saloom, as Attorney-in-Fact
Issuer symbol
MIGI
Transactions as of
01 Jul 2024
Net transactions value
-$1,210,332
Form type
4
Filing time
03 Jul 2024, 16:45:08 UTC
Previous filing
26 Nov 2024
Next filing
09 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MIGI Common Stock Options Exercise +1,801,153 +206% 2,674,925 01 Jul 2024 Direct F1
transaction MIGI Common Stock Tax liability $1,210,332 -766,033 -29% $1.58 1,908,892 01 Jul 2024 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 MIGI Restricted Stock Units Award $0 +1,801,153 $0.000000 1,801,153 01 Jul 2024 Common Stock 1,801,153 Direct F1, F2
transaction MIGI Restricted Stock Units Options Exercise $0 -1,801,153 -100% $0.000000* 0 01 Jul 2024 Common Stock 1,801,153 Direct F3, F4
transaction MIGI Restricted Stock Units Award $0 +2,881,845 $0.000000 2,881,845 01 Jul 2024 Common Stock 2,881,845 Direct F1, F5
transaction MIGI Stock Option Award $0 +1,750,000 $0.000000 1,750,000 01 Jul 2024 Common Stock 1,750,000 $1.58 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is issued under and subject to the terms of the Mawson Infrastructure Group Inc 2024 Omnibus Equity Incentive Plan ("Plan"), and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination, at the discretion of the Administrator of the Plan.
F2 The restricted stock units granted under this award vest on July 1, 2024.
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 On July 1, 2024, the reporting person was granted 1,801,153 restricted stock units and vesting and settling on the same date.
F5 The restricted stock units granted under this award vest in four equal, annual installments on August 26, 2025, August 25, 2026, August 24, 2027 and August 23, 2028. Once vested, the RSUs are exercisable until expiration.
F6 The Stock Option vests in amounts when the Company's average stock price for ten days has reached or exceeded the corresponding price as follow: 500,000 Shares vest at price of $1.89, 400,000 Shares vest at price of $2.30, 300,000 Shares vest at $3.60, 200,000 Shares vest at price of $4.70, 100,000 Shares vest at price of $6.00, 100,000 Shares vest at price of $7.10, 100,000 Shares vest at price of $8.20, and 50,000 Shares vest at price of $9.40. Provided that if the corresponding price vesting condition is met prior to January 1, 2025, such portion of the option shall vest on January 1, 2025. In addition, if the Company undergoes or upon a change in control, all Options shall be fully and immediately accelerated.

Remarks:

Exhibit 24.1: Power of Attorney