Kendall W. Carpenter - Dec 16, 2021 Form 4 Insider Report for ORBSAT CORP (NXPLW)

Role: Director
Signature: /s/ Kendall W. Carpenter
Stock symbol: NXPLW
Transactions as of: Dec 16, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/20/2021, 04:33 PM
Previous filing: Jun 16, 2021
Next filing: Apr 23, 2024

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	+20K		$0.00	20K	Dec 16, 2021	Direct	F1

* 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 that was effective 12/16/21 (the "Grant Date"), the date Issuer's stockholders approved the Orbsat Corp 2021 Incentive Award Plan. One half of the award, (10,000 shares), will be fully vested and issued on Grant Date and the remaining half (10,000 shares) will vest and be issued on the one year anniversary of the Grant Date. The award was granted pursuant to the Orbsat Corp 2021 Incentive Award Plan.

Content

Represents a restricted stock award that was effective 12/16/21 (the "Grant Date"), the date Issuer's stockholders approved the Orbsat Corp 2021 Incentive Award Plan. One half of the award, (10,000 shares), will be fully vested and issued on Grant Date and the remaining half (10,000 shares) will vest and be issued on the one year anniversary of the Grant Date. The award was granted pursuant to the Orbsat Corp 2021 Incentive Award Plan.