Richard K. Howe - 03 Feb 2022 Form 4 Insider Report for Inuvo, Inc. (INUV)

Role: Chairman & CEO, Director
Signature: /s/ Richard K. Howe
Issuer symbol: INUV
Transactions as of: 03 Feb 2022
Net transactions value: -$42,490
Form type: 4
Filing time: 07 Feb 2022, 16:53:05 UTC
Previous filing: 05 Aug 2021
Next filing: 29 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INUV	Common Stock	Options Exercise	$0	+250,000	+11%	$0.000000	2,614,709	03 Feb 2022	Direct
transaction	INUV	Common Stock	Tax liability	$42,490	-108,949	-4.2%	$0.3900	2,505,760	03 Feb 2022	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	INUV	Restricted Stock Unit	Award	$0	+1,100,000		$0.000000	1,100,000	03 Feb 2022	Common Stock	1,100,000		Direct	F1, F2
transaction	INUV	Restricted Stock Unit	Options Exercise	$0	-250,000	-50%	$0.000000	250,000	03 Feb 2022	Common Stock	250,000		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock.
F2	The restricted stock units become vested 33.33% per year beginning on the first anniversary of the date of grant.
F3	The restricted stock units become vested 33.33% on each of August 3, 2021, February 3, 2022 and August 3, 2022.