ROBERT S. HERLIN - 07 Mar 2022 Form 4 Insider Report for Enservco Corp (ENSV)

Role: Director
Signature: /s/ Robert S. Herlin
Issuer symbol: ENSV
Transactions as of: 07 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 08 Mar 2022, 11:31:36 UTC
Previous filing: 10 Dec 2021
Next filing: 12 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ENSV	Common Stock	Award	$0	+35,170	+74%	$0.000000	82,959	07 Mar 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Grant of Restricted Stock for services in 2022. Restrictions lapse on the earlier of: (i) one (1) year of service; (ii) the next Annual Shareholders Meeting; or (iii) due to resignation of the Board Member following a Change in Control.
F2	Although such restricted shares were issued on 3/7/22, the shares were required to be issued on 1/1/22 based upon the Company's Board compensation policy (as indicated in the Company's Proxy Statement related to the 2021 Annual Meeting of Stockholders). Therefore, the shares were valued utilizing the closing sales price of $0.83 on 12/31/21, pursuant to such policy, in order to achieve an award with a total valuation of $30,000 based on such price.

Content

Grant of Restricted Stock for services in 2022. Restrictions lapse on the earlier of: (i) one (1) year of service; (ii) the next Annual Shareholders Meeting; or (iii) due to resignation of the Board Member following a Change in Control.

Although such restricted shares were issued on 3/7/22, the shares were required to be issued on 1/1/22 based upon the Company's Board compensation policy (as indicated in the Company's Proxy Statement related to the 2021 Annual Meeting of Stockholders). Therefore, the shares were valued utilizing the closing sales price of $0.83 on 12/31/21, pursuant to such policy, in order to achieve an award with a total valuation of $30,000 based on such price.