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

Role
Chief Revenue Officer
Signature
/s/ Michael Kandell
Stock symbol
WTT
Transactions as of
Jan 7, 2022
Transactions value $
$0
Form type
4
Date filed
1/10/2022, 06:48 PM

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 +111.84% $0.00 94.7K 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 stock 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 5,295 shares (at a market value price of $2.52), 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 the August 4, 2021 vesting of the associated August 4, 2020 restricted stock grant.