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

Role: CFO
Signature: /s/ Wallace D. Ruiz
Issuer symbol: INUV
Transactions as of: 03 Aug 2022
Net transactions value: -$11,560
Form type: 4
Filing time: 05 Aug 2022, 21:10:01 UTC
Previous filing: 29 Mar 2022
Next filing: 01 Sep 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	+58,334	+9.3%	$0.000000	686,445	03 Aug 2022	Direct
transaction	INUV	Common Stock	Tax liability	$11,560	-23,120	-3.4%	$0.5000	663,325	03 Aug 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	Options Exercise	$0	-58,334	-100%	$0.000000^*	0	03 Aug 2022	Common Stock	58,334		Direct	F1, F2

* 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% on each of August 3, 2021, February 3, 2022 and August 3, 2022.