Michael D. Pruitt - 01 Jan 2022 Form 4 Insider Report for IMAC Holdings, Inc. (BACK)

Role: Director
Signature: /s/ Michael D. Pruitt
Issuer symbol: BACK
Transactions as of: 01 Jan 2022
Transactions value $: $0
Form type: 4
Filing time: 07 Jan 2022, 07:00:17 UTC
Previous filing: 29 Dec 2021
Next filing: 04 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BACK	Common Stock	Options Exercise		+50K	+97.56%		101K	01 Jan 2022	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	BACK	Restricted Stock Unit	Options Exercise	$0	-50K	-100%	$0.00^*	0	01 Jan 2022	Common Stock	50K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of common stock of IMAC Holdings, Inc. (the "Company").
F2	On October 31, 2020, the Company granted Mr. Pruitt restricted stock units for 100,000 shares of the Company's common stock covering two years of service as a director, 50% vesting in four equal quarterly installments commencing on February 1, 2021 and 50% vesting on January 1, 2022, provided Mr. Pruitt remains a director of the Company. This Form 4 reflects the vesting of 50,000 shares of common stock on January 1, 2022.

Content

Each restricted stock unit represents a contingent right to receive one share of common stock of IMAC Holdings, Inc. (the "Company").

On October 31, 2020, the Company granted Mr. Pruitt restricted stock units for 100,000 shares of the Company's common stock covering two years of service as a director, 50% vesting in four equal quarterly installments commencing on February 1, 2021 and 50% vesting on January 1, 2022, provided Mr. Pruitt remains a director of the Company. This Form 4 reflects the vesting of 50,000 shares of common stock on January 1, 2022.