Michael W. Woods - Jan 19, 2022 Form 4 Insider Report for ARTS WAY MANUFACTURING CO INC (ARTW)

Role: Chief Financial Officer
Signature: /s/ Joseph Schauer as attorney-in-fact for Michael William Woods pursuant to a power of attorney filed herewith.
Stock symbol: ARTW
Transactions as of: Jan 19, 2022
Transactions value $: -$2,824
Form type: 4
Date filed: 1/21/2022, 05:03 PM
Next filing: Jan 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARTW	Common Stock	Tax liability	-$2.82K	-833	-4.91%	$3.39	16.1K	Jan 19, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents shares forfeited to pay withholding taxes in connection with the vesting and delivery of restricted stock.
F2	Includes (i) 3,333 shares of restricted stock for which risks of forfeiture lapse as to 1,667 shares on 1/31/21 and as to 1,666 shares on 1/31/22; (ii) 5,000 shares of restricted stock for which risks of forfeiture lapse as to 1,667 shares on each of 1/30/21 and 1/30/22 and as to 1,666 shares on 1/30/23; and (iii) 4,666 shares of restricted stock for which risks of forfeiture lapse as to 2,333 shares on each of 1/19/23 and 1/19/24.

Content

Represents shares forfeited to pay withholding taxes in connection with the vesting and delivery of restricted stock.

Includes (i) 3,333 shares of restricted stock for which risks of forfeiture lapse as to 1,667 shares on 1/31/21 and as to 1,666 shares on 1/31/22; (ii) 5,000 shares of restricted stock for which risks of forfeiture lapse as to 1,667 shares on each of 1/30/21 and 1/30/22 and as to 1,666 shares on 1/30/23; and (iii) 4,666 shares of restricted stock for which risks of forfeiture lapse as to 2,333 shares on each of 1/19/23 and 1/19/24.