John Stiska - May 26, 2023 Form 4 Insider Report for MOVING iMAGE TECHNOLOGIES INC. (MITQ)

Role
Director
Signature
/s/ John C. Stiska
Stock symbol
MITQ
Transactions as of
May 26, 2023
Transactions value $
$11,000
Form type
4
Date filed
10/18/2023, 07:06 PM
Previous filing
Jul 7, 2021
Next filing
Oct 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MITQ Common Stock Award $11K +10K $1.10 10K May 26, 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 MITQ Employee Stock Options (right to buy) Disposed to Issuer $0 -50K -100% $0.00* 0 May 26, 2023 Common Stock 0 $3.00 Direct F2, F3
transaction MITQ Employee Stock Options (right to buy) Award $0 +50K $0.00 50K May 26, 2023 Common Stock 50K $1.10 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of common stock granted pursuant to Issuer's 2019 Omnibus Incentive Stock Plan (the "Plan"). Such shares represent a portion of Reporting Person's compensation as a director of Issuer.
F2 On May 26, 2023, the board of directors of Issuer cancelled these employee stock options (right to buy) ("Options") and granted new Options to the Reporting Person.
F3 Options granted July 7, 2021 were initially exercisable on July 7, 2022.
F4 Options granted pursuant to the Plan. Such Options constitute a portion of Reporting Person's compensation as a director of issuer and were fully vested upon grant.