Christopher Mulgrew - Dec 31, 2023 Form 5 Insider Report for Hawkeye Systems, Inc. (HWKE)

Role: CFO and Director, Director
Signature: /s/ Gilbert J. Bradshaw, Attorney-in- Fact for Christopher Mulgrew
Stock symbol: HWKE
Transactions as of: Dec 31, 2023
Transactions value $: -$5,213
Form type: 5
Date filed: 3/11/2024, 05:34 PM
Previous filing: May 30, 2023
Next filing: Mar 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HWKE	Common Stock	Other	$0	-558K	-90%	$0.00	62K	Feb 9, 2023	Direct	F1
transaction	HWKE	Common Stock	Award		+25K	+40.32%		87K	Feb 10, 2023	Direct	F2
transaction	HWKE	Common Stock	Sale	-$2K	-15.5K	-2.64%	$0.13	571K	Dec 14, 2023	Direct	F3
transaction	HWKE	Common Stock	Sale	-$1.1K	-10K	-1.75%	$0.11	561K	Dec 19, 2023	Direct	F3
transaction	HWKE	Common Stock	Sale	-$2.12K	-30K	-5.34%	$0.07	531K	Dec 29, 2023	Direct	F3

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	HWKE	Stock Options	Options Exercise	$0	-450K	-90%	$0.00	50K	Feb 9, 2023	Common Stock	450K	$0.30	Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	On February 9, 2023, the Issuer effected a 1-for-10 reverse stock split of the Issuer's Common Stock (the "Reverse Stock Split"), resulting in the Reporting Person's ownership of 558,000 fewer shares of the Issuer's Common Stock.
F2	On May 23, 2022, the Company granted 250,000 shares of the Issuer's Common Stock to the Reporting Person in lieu of cash compensation, contingent upon completion of an acquisition or reverse takeover. On February 10, 2023, these 250,000 restricted shares were issued to the Reporting Person, of which 225,000 were cancelled due to the recognition of the Reverse Stock Split.
F3	The amount of securities beneficially owned in this box reflects an issuance of 500,000 restricted shares of the Issuer's Common Stock that was previously reported in the Form 4 filed for the Reporting Person with the SEC on May 30, 2023.
F4	On February 9, 2023, the Issuer effected the Reverse Stock Split, resulting in the Reporting Person's ownership of 450,000 fewer stock options.
F5	This award was granted on March 1, 2021. Twenty percent of the grant vested immediately upon issuance of the option, and the remaining stock options vested 20% in three-month installments over the one-year period following the initial issuance.