Frank Orzechowski - Jul 1, 2022 Form 4 Insider Report for SIGMA LABS, INC. (SASI)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SASI	Stock Option (right to buy)	Award	$0	+52.2K	$0.00	52.2K	Jul 1, 2022	Common Stock	52.2K	$2.50	Direct	F1
transaction	SASI	Stock Appreciation Right	Award	$0	+97K	$0.00	97K	Jul 1, 2022	Common Stock	97K	$1.30	Direct	F2
transaction	SASI	Stock Appreciation Right	Award	$0	+69.5K	$0.00	69.5K	Jul 1, 2022	Common Stock	69.5K	$2.50	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	The stock option vests, as follows: (i) 13,043 shares subject to the option vested on the date of grant, and (ii) the remaining 39,127 shares will vest in equal (as nearly as possible) monthly installments over the succeeding 36 months, subject, in each case, to the Reporting Person remaining an employee of the Issuer on the applicable vesting date.
F2	The stock appreciation right ("SAR") is payable in cash only, and vests on March 15, 2025, subject to the Reporting Person being in the continuous employ of the Issuer on the vesting date.
F3	The SAR is payable in cash only and vests as follows: (i) 25% of the SAR vested on the date of grant, and (ii) the balance of the SAR will vest in equal (as nearly as possible) monthly installments over the succeeding 36 months, subject, in each case, to the Reporting Person remaining an employee of the Issuer on the applicable vesting date.