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

Role: Exec VP and CFO
Signature: /s/ Paul R. Thomson
Stock symbol: NXPLW
Transactions as of: Dec 16, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/20/2021, 03:29 PM
Previous filing: Sep 3, 2021
Next filing: Jan 6, 2022

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	+10K	+100%	$0.00	20K	Dec 16, 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	+10K		$0.00	10K	Dec 16, 2021	Common Stock	10K	$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.