George A. Mangiaracina - 24 Feb 2022 Form 4 Insider Report for IMPAC MORTGAGE HOLDINGS INC (IMPM)

Signature
/s/ George Mangiaracina
Issuer symbol
IMPM
Transactions as of
24 Feb 2022
Net transactions value
-$15,001
Form type
4
Filing time
28 Feb 2022, 19:23:41 UTC
Next filing
03 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMPM Common Stock Sale $15,001 -20,460 -7.6% $0.7332* 248,804 24 Feb 2022 Direct F1, F2

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
holding IMPM Non-Qualified Stock Option (right to buy) 35,000 24 Feb 2022 Common Stock 35,000 $10.00 Direct
holding IMPM Non-Qualified Stock Option (right to buy) 25,000 24 Feb 2022 Common Stock 25,000 $20.50 Direct
holding IMPM Non-Qualified Stock Option (right to buy) 25,000 24 Feb 2022 Common Stock 25,000 $17.40 Direct
holding IMPM Non-Qualified Stock Option (right to buy) 24,000 24 Feb 2022 Common Stock 24,000 $13.72 Direct
holding IMPM Non-Qualified Stock Option (right to buy) 200,000 24 Feb 2022 Common Stock 200,000 $3.75 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Aggregate number of shares sold on the same day at different prices. Sale is part of previously filed 10B5-1 plan for prearranged sales of the Company's common stock as part of long-term tax and asset diversification strategy, primarily to cover taxes related to the vesting of restricted stock units.
F2 Represents the weighted average sales price. Shares were sold at prices ranging from $0.73 to $0.75 per share. Full information regarding the number of Shares sold at each price shall be provided to the Securities and Exchange Commission staff, Issuer or any security holder, upon request.
F3 The options vest annually in 1/3 increments and will be fully vested on February 26, 2022.