Nicholas M. Grindstaff - Nov 15, 2021 Form 3 Insider Report for Orbital Energy Group, Inc. (OIG)

Role
Chief Financial Officer
Signature
/s/ Nicholas M. Grindstaff
Stock symbol
OIG
Transactions as of
Nov 15, 2021
Transactions value $
$0
Form type
3
Date filed
11/23/2021, 05:15 PM
Previous filing
May 12, 2021
Next filing
Oct 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OIG Common Stock 8K Nov 15, 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
holding OIG Restricted stock units Nov 15, 2021 Common Stock 142K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs were issued as part of employment agreement and were immediately vested and exercisable.
F2 238,619 fully vested RSUs were granted at $2.54 as part of Mr. Grindstaff's employment agreement. Of these RSUs, 96,673 were withheld to pay the withholding tax on the grant.
F3 RSUs are convertible to common shares on a one-to-one basis.