William J. Clough - Jan 14, 2023 Form 4 Insider Report for Orbital Infrastructure Group, Inc. (OIG)

Role
Exec Chairman and Gen Counsel, Director
Signature
/s/ William J. Clough
Stock symbol
OIG
Transactions as of
Jan 14, 2023
Transactions value $
$0
Form type
4
Date filed
2/1/2023, 07:26 AM
Previous filing
Oct 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OIG Common Stock Conversion of derivative security +121K +16.2% 865K Jan 14, 2023 Direct F1, F2

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 OIG Restricted Stock Units Conversion of derivative security -199K -19.2% 836K Jan 14, 2023 Common Stock 199K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 198,755 RSUs vested on January 14 and 78,210 were withheld for taxes.
F2 Shares were acquired upon the vesting of Restricted Stock Units.
F3 Shares convert from RSUs to common stock on a 1 for 1 basis.
F4 January 14 vesting date. RSU automatically converts to common stock - no expiration date.