Rodney C. Keller Jr. - 16 Jun 2021 Form 4 Insider Report for AYRO, Inc. (AYRO)

Role: Chief Executive Officer, Director
Signature: /s/ Rodney C. Keller, Jr.
Issuer symbol: AYRO
Transactions as of: 16 Jun 2021
Net transactions value: -$600,957
Form type: 4
Filing time: 21 Jun 2021, 16:30:56 UTC
Previous filing: 16 Jun 2021
Next filing: 22 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AYRO	Common Stock	Sale	$365,176	-70,000	-14%	$5.22^*	441,250	16 Jun 2021	Direct	F1, F2
transaction	AYRO	Common Stock	Options Exercise	$50,105	+20,451	+4.6%	$2.45	461,701	17 Jun 2021	Direct	F4
transaction	AYRO	Common Stock	Options Exercise	$104,042	+42,466	+9.2%	$2.45	504,167	17 Jun 2021	Direct	F5
transaction	AYRO	Common Stock	Sale	$389,928	-70,000	-14%	$5.57^*	434,167	17 Jun 2021	Direct	F1, 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	AYRO	Employee Stock Options (right to buy)	Options Exercise	$0	-20,451	-100%	$0.000000^*	0	17 Jun 2021	Common Stock	20,451	$2.45	Direct	F6
transaction	AYRO	Employee Stock Options (right to buy)	Options Exercise	$0	-42,466	-16%	$0.000000	230,214	17 Jun 2021	Common Stock	42,466	$2.45	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Represents a broker-assisted sale of shares pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2021.
F2	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.09 to $5.30, inclusive. The reporting person undertakes to provide to AYRO, Inc., any security holder of AYRO, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.35 to $5.71, inclusive. The reporting person undertakes to provide to AYRO, Inc., any security holder of AYRO, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.
F4	Represents an exercise of an option to purchase 20,451 shares. The price reported in Column 4 is the exercise price of the underlying options assigned upon grant.
F5	Represents an exercise of an option to purchase 42,466 shares. The price reported in Column 4 is the exercise price of the underlying options assigned upon grant.
F6	These options are fully vested and exercisable.