John B. Pisaris - Feb 3, 2022 Form 4 Insider Report for Inuvo, Inc. (INUV)

Role
General Counsel
Signature
/s/ John B. Pisaris
Stock symbol
INUV
Transactions as of
Feb 3, 2022
Transactions value $
-$8,565
Form type
4
Date filed
2/7/2022, 04:53 PM
Previous filing
Aug 5, 2021
Next filing
Mar 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INUV Common Stock Options Exercise $0 +58.3K +13.32% $0.00 496K Feb 3, 2022 Direct
transaction INUV Common Stock Tax liability -$8.57K -22K -4.43% $0.39 474K Feb 3, 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 +225K $0.00 225K Feb 3, 2022 Common Stock 225K Direct F1, F2
transaction INUV Restricted Stock Unit Options Exercise $0 -58.3K -50% $0.00 58.3K Feb 3, 2022 Common Stock 58.3K 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.