Bonnie K. Wachtel - 26 Aug 2021 Form 4 Insider Report for INFORMATION ANALYSIS INC (AIFF)

Role
Director
Signature
/s/ MATTHEW T SANDS
Issuer symbol
AIFF
Transactions as of
26 Aug 2021
Net transactions value
+$105,750
Form type
4
Filing time
30 Aug 2021, 14:48:21 UTC
Previous filing
20 May 2021
Next filing
16 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WAVD Common Stock Award $50,000 +25,000 +9.3% $2.00 293,800 26 Aug 2021 Direct F1
transaction WAVD Common Stock Exercise of in-the-money or at-the-money derivative security $1,750 +5,000 +1.7% $0.3500 298,800 26 Aug 2021 Direct

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 WAVD Warrants (right-to-buy) Award $67,500 +25,000 +56% $2.70 70,000 26 Aug 2021 Common Stock 25,000 $3.00 Direct
transaction WAVD Options (right-to-buy) Exercise of in-the-money or at-the-money derivative security $13,500 -5,000 -7.1% $2.70 65,000 26 Aug 2021 Common Stock 5,000 $0.3500 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ms. Wachtel purchased 35,000 units in a private placement at $2.00 per unit. One unit equals 1 share common stock and a warrant to purchase 1 additional share common stock at $3.00 per share, expiring August 31, 2026.