John B. Pisaris - 03 Feb 2023 Form 4 Insider Report for Inuvo, Inc. (INUV)

Signature
/s/ John B. Pisaris
Issuer symbol
INUV
Transactions as of
03 Feb 2023
Net transactions value
-$16,315
Form type
4
Filing time
07 Feb 2023, 16:50:17 UTC
Previous filing
05 Aug 2022
Next filing
17 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INUV Common Stock Options Exercise $0 +75,000 +14% $0.000000 624,966 03 Feb 2023 Direct
transaction INUV Common Stock Tax liability $16,315 -33,488 -5.4% $0.4872 591,478 03 Feb 2023 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 -75,000 -33% $0.000000 150,000 03 Feb 2023 Common Stock 75,000 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% per year beginning on the first anniversary of the date of grant.