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.