Wallace D. Ruiz - 03 Feb 2022 Form 4 Insider Report for Inuvo, Inc. (INUV)

Role
CFO
Signature
/s/ Wallace D. Ruiz
Issuer symbol
INUV
Transactions as of
03 Feb 2022
Net transactions value
-$10,328
Form type
4
Filing time
07 Feb 2022, 16:53:17 UTC
Previous filing
27 May 2022
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 +58,333 +10% $0.000000 622,453 03 Feb 2022 Direct
transaction INUV Common Stock Tax liability $10,328 -26,481 -4.3% $0.3900 595,972 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 +225,000 $0.000000 225,000 03 Feb 2022 Common Stock 225,000 Direct F1, F2
transaction INUV Restricted Stock Unit Options Exercise $0 -58,333 -50% $0.000000 58,334 03 Feb 2022 Common Stock 58,333 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.