Steven J. Rosenstone - 17 May 2023 Form 4 Insider Report for NORTECH SYSTEMS INC (NSYS)

Role
Director
Signature
/s/ Mark Hooley, Attorney-in-Fact
Issuer symbol
NSYS
Transactions as of
17 May 2023
Net transactions value
-$9,253
Form type
4
Filing time
19 May 2023, 20:20:14 UTC
Previous filing
16 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSYS Common Stock Options Exercise $3,290 +1,000 +14% $3.29 8,000 17 May 2023 Direct F1
transaction NSYS Common Stock Tax liability $3,293 -356 -4.4% $9.25 7,644 17 May 2023 Direct F1

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 NSYS Common Stock Options Options Exercise $9,250 -1,000 -33% $9.25 2,000 17 May 2023 Common Stock 1,000 $3.29 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 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, and 1,500 Restricted Stock Units granted on 3/17/2022, with 1,500 shares vesting on 3/17/2024.
F2 The option, representing a right to purchase a total of 3,000 shares, became exercisable in five equal annual installments of 600 shares each beginning on May 9, 2019, which was the first anniversary of the date on which the option was granted.

Remarks:

Exhibit 24.1 Power of Attorney filed with Form 4 on May 16, 2023 and incorporated herein.