Paul R. Thomson - 16 Dec 2021 Form 4 Insider Report for ORBSAT CORP (NXPL)

Role: Exec VP and CFO
Signature: /s/ Paul R. Thomson
Issuer symbol: NXPL
Transactions as of: 16 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 20 Dec 2021, 15:29:02 UTC
Previous filing: 03 Sep 2021
Next filing: 06 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXPLW	Common Stock, par value $0.0001	Award	$0	+10,000	+100%	$0.000000	20,000	16 Dec 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	NXPLW	Non-Qualified Stock Option (right to buy)	Award	$0	+10,000		$0.000000	10,000	16 Dec 2021	Common Stock	10,000	$3.81	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents a restricted stock award effective 12/16/2021, the date Company's stockholders approved the Company's 2021 Incentive Award Plan. The award was granted pursuant to the Company's 2021 Incentive Award Plan.
F2	The grant of these options was effective 12/16/2021 (the "Grant Date"), the date Company's stockholders approved the Company's 2021 Incentive Award Plan. The award was granted pursuant to the Company's 2021 Incentive Award Plan. One half of the award will be fully vested on Grant Date and the remaining half will vest on the one year anniversary of the Grant Date.