Daniel Monopoli - Jan 7, 2022 Form 4 Insider Report for WIRELESS TELECOM GROUP INC (WTT)

Signature
/s/ Michael Kandell
Stock symbol
WTT
Transactions as of
Jan 7, 2022
Transactions value $
$0
Form type
4
Date filed
1/10/2022, 06:45 PM
Next filing
Aug 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTT Common Stock, par value $0.01 per share Award $0 +50K +135.6% $0.00 86.9K Jan 7, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction represents grant of restricted common stock under the 2021 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3(d). On January 7, 2022, the Reporting Person was granted 50,000 shares of restricted common which vest annually over a 2 year period, provided that the Reporting Person's service as an officer of the Company continues to such dates.
F2 Reflects a correction to the balance of securities beneficially owned to reduce the balance by 13,126 shares which were withheld by the Company to satisfy tax withholding obligations of the Reporting Person (but inadvertently not reported on Form 4 filings) in connection with certain vestings of the December 20, 2018 restricted stock grant as follows: December 20, 2019 vesting - 4,961 shares at a market value price of $1.39, December 20, 2020 vesting - 3,876 shares at a market value price of $1.70 and December 20, 2021 vesting - 4,289 shares at a market value price of $1.90.