Rahul Mewawalla - Jul 1, 2024 Form 4 Insider Report for Mawson Infrastructure Group Inc. (MIGI)

Role: Director, CEO, President, Director
Signature: /s/ Kaliste Saloom, as Attorney-in-Fact
Stock symbol: MIGI
Transactions as of: Jul 1, 2024
Transactions value $: -$1,210,332
Form type: 4
Date filed: 7/3/2024, 04:45 PM
Previous filing: Nov 26, 2024
Next filing: Sep 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MIGI	Common Stock	Options Exercise		+1.8M	+206.14%		2.67M	Jul 1, 2024	Direct	F1
transaction	MIGI	Common Stock	Tax liability	-$1.21M	-766K	-28.64%	$1.58	1.91M	Jul 1, 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	+1.8M		$0.00	1.8M	Jul 1, 2024	Common Stock	1.8M		Direct	F1, F2
transaction	MIGI	Restricted Stock Units	Options Exercise	$0	-1.8M	-100%	$0.00^*	0	Jul 1, 2024	Common Stock	1.8M		Direct	F3, F4
transaction	MIGI	Restricted Stock Units	Award	$0	+2.88M		$0.00	2.88M	Jul 1, 2024	Common Stock	2.88M		Direct	F1, F5
transaction	MIGI	Stock Option	Award	$0	+1.75M		$0.00	1.75M	Jul 1, 2024	Common Stock	1.75M	$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