John S. Chen - Mar 23, 2023 Form 4 Insider Report for FGI Industries Ltd. (FGI)

Signature
/s/ John S. Chen
Stock symbol
FGI
Transactions as of
Mar 23, 2023
Transactions value $
$0
Form type
4
Date filed
3/27/2023, 05:57 PM
Previous filing
Apr 1, 2022

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 FGI Employee Stock Option (right to buy) Award $0 +48.4K $0.00 48.4K Mar 23, 2023 Ordinary Shares 48.4K $2.26 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 11, 2022, the reporting person was granted an option to purchase 56,075 ordinary shares. The option was subject to the registrant's satisfaction of certain performance criteria for the fiscal year ending December 31, 2022. The performance criteria were partially met, resulting in vesting of option of up to 48,449 shares. The option will vest as to one-third of the 48,449 shares on March 31, 2023, then in 36 equal monthly installments upon completion of each additional month of service.