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

Role: Chief Financial Officer
Signature: /s/ Michael Kandell
Stock symbol: WTT
Transactions as of: Jan 7, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/11/2022, 10:02 AM
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	+75K	+120.99%	$0.00	137K	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 75,000 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 13,010 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 - 4,634 shares at a market value price of $1.39, December 20, 2020 vesting - 4,099 shares at a market value price of $1.70 and December 20, 2021 vesting - 4,277 shares at a market value price of $1.90.

Content

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 75,000 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.

Reflects a correction to the balance of securities beneficially owned to reduce the balance by 13,010 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 - 4,634 shares at a market value price of $1.39, December 20, 2020 vesting - 4,099 shares at a market value price of $1.70 and December 20, 2021 vesting - 4,277 shares at a market value price of $1.90.