Linda L. Singh - 01 Jul 2022 Form 4 Insider Report for WAVEDANCER, INC. (AIFF)

Role: Director
Signature: /s/ Matthew T. Sands, Atty-in-fact
Issuer symbol: AIFF
Transactions as of: 01 Jul 2022
Net transactions value: +$65,000
Form type: 4
Filing time: 06 Jul 2022, 17:30:07 UTC
Previous filing: 28 Apr 2022
Next filing: 23 Nov 2022
SEC: View on sec.gov

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	Options (Right-to-Buy)	Award	$65,000	+50,000		$1.30	50,000	01 Jul 2022	Common Stock	50,000	$1.30	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	One-half of awarded shares vest each year over two years. 25,000 shares are exercisable on 07/01/2023 and an additional 25,000 shares are exercisable on 07/01/2024. For a director who has not resigned from the Board and who has not been renominated to serve as a director other than as a result of any allegation of misconduct involving such director in reference to the Company or otherwise, all Non-Vested Options which such director holds shall become vested upon the expiration of such director's term and the Options shall remain exercisable until such Options would otherwise expire.
F2	Granted pursuant to and in accordance with the WaveDancer 2021 Stock Incentive Plan.

Content

One-half of awarded shares vest each year over two years. 25,000 shares are exercisable on 07/01/2023 and an additional 25,000 shares are exercisable on 07/01/2024. For a director who has not resigned from the Board and who has not been renominated to serve as a director other than as a result of any allegation of misconduct involving such director in reference to the Company or otherwise, all Non-Vested Options which such director holds shall become vested upon the expiration of such director's term and the Options shall remain exercisable until such Options would otherwise expire.

Granted pursuant to and in accordance with the WaveDancer 2021 Stock Incentive Plan.