Stanley Arthur Reese - Aug 26, 2021 Form 4 Insider Report for INFORMATION ANALYSIS INC (WAVD)

Role: President, Director
Signature: /s/ MATTHEW T SANDS
Stock symbol: WAVD
Transactions as of: Aug 26, 2021
Transactions value $: $47,000
Form type: 4
Date filed: 8/30/2021, 02:54 PM
Next filing: Mar 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WAVD	Common Stock	Award	$20K	+10K	+76.92%	$2.00	23K	Aug 26, 2021	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	WAVD	Warrants (right-to-buy)	Award	$27K	+10K	+1.79%	$2.70	570K	Aug 26, 2021	Common Stock	10K	$3.00	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Mr. Reese purchased 10,000 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.