Dan Mosher - Sep 25, 2023 Form 4 Insider Report for Presto Automation Inc. (PRST)

Role
PRESIDENT
Signature
/s/ Dan Mosher
Stock symbol
PRST
Transactions as of
Sep 25, 2023
Transactions value $
-$20,070
Form type
4
Date filed
9/27/2023, 04:54 PM
Previous filing
Jul 13, 2023
Next filing
Nov 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRST Common Stock, par value $0.0001 per share Sale -$20.1K -7.12K -2.29% $2.82 303K Sep 25, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 10, 2023, the reporting person was granted 300,000 restricted stock units ("RSUs") that vest in sixteen equal quarterly installments beginning on March 24, 2023. Each RSU represents the right to receive one share of PRST common stock upon vesting. On September 25, 2023, the reporting person sold 7,117 shares to satisfy the reporting person's tax obligations arising out of the vesting of 18,750 RSUs.
F2 This transaction was executed in multiple trades at prices ranging from $2.81 to $2.86. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 Includes 303,113 RSUs following the reported transaction.