DAVID B. KUNIN - 12 May 2023 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
12 May 2023
Net transactions value
+$28,170
Form type
4
Filing time
16 May 2023, 20:07:50 UTC
Previous filing
24 Mar 2023
Next filing
12 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSYS Common Stock Award $28,170 +3,000 +4.5% $9.39 69,897 12 May 2023 Direct F1
holding NSYS Common Stock 1,344,066 12 May 2023 By Curtis Squire, Inc. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 3,000 Restricted Stock Units granted on 5/12/2023, with 1,500 shares vesting on each of 3/16/2024 and 3/16/2025.
F2 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.