David B. Kunin - Mar 15, 2023 Form 4 Insider Report for NORTECH SYSTEMS INC (NSYS)

Role
Director, 10%+ Owner
Signature
/s/ Mark Hooley, Attorney-in-Fact
Stock symbol
NSYS
Transactions as of
Mar 15, 2023
Transactions value $
$5,339
Form type
4
Date filed
3/16/2023, 05:28 PM
Previous filing
Apr 12, 2022
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSYS Common Stock Purchase $5.34K +445 +0.69% $12.00 64.9K Mar 15, 2023 Direct F1, F2
holding NSYS Common Stock 1.34M Mar 15, 2023 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 purchase reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 13, 2022.
F2 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.75 to $12.16, 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.