William Henry Pickle - 26 Aug 2021 Form 4/A - Amendment 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: +$305,500
Form type: 4/A - Amendment
Filing time: 30 Aug 2021, 15:24:57 UTC
Date Of Original Report: 30 Aug 2021
Next filing: 14 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	$130,000	+65,000	+130%	$2.00	115,000	26 Aug 2021	Shares owned by William and Jean Pickle Trust under shared voting power and shared dispositive power	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	$175,500	+65,000	+162%	$2.70^*	105,000	26 Aug 2021	Common Stock	65,000	$3.00	65,000 Warrants owned by William and Jean Pickle Trust under shared voting and dispositive powers

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

Explanation of Responses:

Id	Content
F1	Mr. Pickle purchased 65,000 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.