Wallace D. Ruiz - 03 Feb 2023 Form 4 Insider Report for Inuvo, Inc. (INUV)

Role
CFO
Signature
/s/ Wallace D. Ruiz
Issuer symbol
INUV
Transactions as of
03 Feb 2023
Net transactions value
-$20,152
Form type
4
Filing time
07 Feb 2023, 16:50:22 UTC
Previous filing
01 Sep 2022
Next filing
17 Mar 2023
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 +75,000 +11% $0.000000 738,325 03 Feb 2023 Direct
transaction INUV Common Stock Tax liability $20,152 -41,362 -5.6% $0.4872 696,963 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.