Rodney C. Keller Jr. - 30 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: 30 Jun 2021
Net transactions value: -$150,662
Form type: 4
Filing time: 02 Jul 2021, 20:11:05 UTC
Previous filing: 30 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	Options Exercise	$56,327	+13,977	+3.2%	$4.03^*	448,144	30 Jun 2021	Direct	F3
transaction	AYRO	Common Stock	Sale	$70,394	-13,977	-3.1%	$5.04^*	434,167	30 Jun 2021	Direct	F1, F2
transaction	AYRO	Common Stock	Options Exercise	$1,350	+426	+0.1%	$3.17	434,593	30 Jun 2021	Direct	F4
transaction	AYRO	Common Stock	Sale	$2,146	-426	-0.1%	$5.04^*	434,167	30 Jun 2021	Direct	F1, F2
transaction	AYRO	Common Stock	Options Exercise	$221,900	+70,000	+16%	$3.17	504,167	01 Jul 2021	Direct	F5
transaction	AYRO	Common Stock	Sale	$357,700	-70,000	-14%	$5.11^*	434,167	01 Jul 2021	Direct	F1

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	-13,977	-100%	$0.000000^*	0	30 Jun 2021	Common Stock	13,977	$4.03	Direct	F6
transaction	AYRO	Employee Stock Options (right to buy)	Options Exercise	$0	-426	-0.09%	$0.000000	459,042	30 Jun 2021	Common Stock	426	$3.17	Direct	F7
transaction	AYRO	Employee Stock Options (right to buy)	Options Exercise	$0	-70,000	-15%	$0.000000	389,042	01 Jul 2021	Common Stock	70,000	$3.17	Direct	F7

* 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 sold in multiple transactions at prices ranging from $5.00 to $5.15, 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.
F3	Represents an exercise of an option to purchase 13,977 shares. The price reported in Column 4 is the exercise price of the underlying options assigned upon grant.
F4	Represents an exercise of an option to purchase 426 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 70,000 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.
F7	The shares underlying this stock option vest according to the following schedule: one-third of the optioned shares vested on 12/4/2020, and an additional one-third of the optioned shares will vest on 12/4/2021 and 12/4/2022, respectively, provided that the reporting person has remained employed by or is providing services to the issuer through the applicable vesting date.