Matthew D. Burlend - 22 Mar 2022 Form 4 Insider Report for VirTra, Inc (VTSI)

Role
Chief Operating Officer & VP, Director
Signature
/s/ Matthew D. Burlend
Issuer symbol
VTSI
Transactions as of
22 Mar 2022
Net transactions value
-$22,312
Form type
4
Filing time
24 Mar 2022, 13:51:25 UTC
Previous filing
30 Dec 2021
Next filing
29 Jun 2022
SEC
View on sec.gov

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 VTSI Stock Option (right to buy) Other $22,312 -3,750 -100% $5.95 0 22 Mar 2022 Common Stock 3,750 $3.19 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $3.19 per share granted to Mr. Burlend on April 1, 2015.
F2 Mr. Burlend's stock option was redeemed by the issuer at the closing price on Nasdaq on March 22, 2022, for $2.76 per share for a total purchase price of $10,350. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer.