DAVID B. KUNIN - 11 Feb 2022 Form 4 Insider Report for NORTECH SYSTEMS INC (NSYS)

Role
Director, 10%+ Owner
Signature
/s/ Mark Hooley, Attorney-in-Fact
Issuer symbol
NSYS
Transactions as of
11 Feb 2022
Net transactions value
+$24,481
Form type
4
Filing time
15 Feb 2022, 15:02:11 UTC
Previous filing
10 Feb 2022
Next filing
22 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSYS Common Stock Purchase $7,808 +767 +1.6% $10.18 47,802 11 Feb 2022 Direct F1
transaction NSYS Common Stock Purchase $8,422 +838 +1.8% $10.05 48,640 14 Feb 2022 Direct F1
transaction NSYS Common Stock Purchase $8,251 +838 +1.7% $9.85 49,478 15 Feb 2022 Direct F1, F2
holding NSYS Common Stock 1,344,066 11 Feb 2022 By Curtis Squire, Inc. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The purchases reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 14, 2021.
F2 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.75 to $9.90, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth.
F3 Voting and dispositive power over shares held by Curtis Squire, Inc. is shared by Curtis Squires' board of directors. The Reporting Person is a member of Curtis Squires' board of directors, and as such, the Reporting Person is deemed to hold shared voting and dispositive power over these shares.

Remarks:

Exhibit 24.1 - Power of Attorney incorporated herein by reference to the Reporting Person's Form 4 filed on January 20, 2022.