Michael William Woods - 19 Jan 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.
Issuer symbol: ARTW
Transactions as of: 19 Jan 2022
Net transactions value: -$2,824
Form type: 4
Filing time: 21 Jan 2022, 17:03:34 UTC
Next filing: 31 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARTW	Common Stock	Tax liability	$2,824	-833	-4.9%	$3.39	16,135	19 Jan 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.