Charles A. May Jr. - 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
+$188,000
Form type
4
Filing time
30 Aug 2021, 15:05:13 UTC
Next filing
02 Dec 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 $80,000 +40,000 +57% $2.00 110,000 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 $108,000 +40,000 +89% $2.70 85,000 26 Aug 2021 Common Stock 40,000 $3.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 General May purchased 40,000 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.