Bernardo Melo - May 24, 2022 Form 4 Insider Report for SINGING MACHINE CO INC (MICS)

Role
Chief Revenue Officer
Signature
/s/ Bernardo Melo
Stock symbol
MICS
Transactions as of
May 24, 2022
Transactions value $
$0
Form type
4
Date filed
6/23/2022, 06:00 PM
Next filing
Aug 18, 2022

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 MICS Stock Option (Right to Buy) Award $0 +10K $0.00 10K May 24, 2022 Common Stock 10K $4.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The grant of the stock options was approved on April 22, 2022 by the Issuer's board of directors as a one-time grant to the Reporting Person as compensation in connection with the uplisting of the shares of common stock of the Issuer to the Nasdaq Capital Market, pursuant to the Issuer's management bonus plan.