Rodney C. Keller Jr. - Jun 30, 2021 Form 4 Insider Report for AYRO, Inc. (AYRO)

Role: Chief Executive Officer, Director
Signature: /s/ Rodney C. Keller, Jr.
Stock symbol: AYRO
Transactions as of: Jun 30, 2021
Transactions value $: -$150,662
Form type: 4
Date filed: 7/2/2021, 08:11 PM
Previous filing: Jun 30, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AYRO	Common Stock	Options Exercise	$56.3K	+14K	+3.22%	$4.03^*	448K	Jun 30, 2021	Direct	F3
transaction	AYRO	Common Stock	Sale	-$70.4K	-14K	-3.12%	$5.04^*	434K	Jun 30, 2021	Direct	F1, F2
transaction	AYRO	Common Stock	Options Exercise	$1.35K	+426	+0.1%	$3.17	435K	Jun 30, 2021	Direct	F4
transaction	AYRO	Common Stock	Sale	-$2.15K	-426	-0.1%	$5.04^*	434K	Jun 30, 2021	Direct	F1, F2
transaction	AYRO	Common Stock	Options Exercise	$222K	+70K	+16.12%	$3.17	504K	Jul 1, 2021	Direct	F5
transaction	AYRO	Common Stock	Sale	-$358K	-70K	-13.88%	$5.11^*	434K	Jul 1, 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	-14K	-100%	$0.00^*	0	Jun 30, 2021	Common Stock	14K	$4.03	Direct	F6
transaction	AYRO	Employee Stock Options (right to buy)	Options Exercise	$0	-426	-0.09%	$0.00	459K	Jun 30, 2021	Common Stock	426	$3.17	Direct	F7
transaction	AYRO	Employee Stock Options (right to buy)	Options Exercise	$0	-70K	-15.25%	$0.00	389K	Jul 1, 2021	Common Stock	70K	$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.