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

Role: President, Director
Signature: /s/ MATTHEW T SANDS
Issuer symbol: AIFF
Transactions as of: 26 Aug 2021
Net transactions value: +$47,000
Form type: 4
Filing time: 30 Aug 2021, 14:54:39 UTC
Next filing: 22 Mar 2022
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	$20,000	+10,000	+77%	$2.00	23,000	26 Aug 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	$27,000	+10,000	+1.8%	$2.70	570,000	26 Aug 2021	Common Stock	10,000	$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.