Sebastian Giordano - Jan 30, 2023 Form 4 Insider Report for AYRO, Inc. (AYRO)

Role
Director
Signature
/s/ Sebastian Giordano
Stock symbol
AYRO
Transactions as of
Jan 30, 2023
Transactions value $
-$2,915
Form type
4
Date filed
2/3/2023, 05:32 PM
Previous filing
Sep 20, 2022
Next filing
May 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AYRO Common Stock Sale -$2.91K -4.09K -3.11% $0.71 128K Jan 30, 2023 Direct F1
transaction AYRO Common Stock Award $0 +113K +88.26% $0.00 240K Feb 1, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.7000 to $0.7446, inclusive. The reporting person undertakes to provide to AYRO, Inc., any security holder of AYRO, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4. Represents a broker-assisted sale of shares subject to a 10b5(1) trading plan adopted by the reporting person on August 22, 2022 to pay taxes upon the vesting of an award.
F2 Shares will vest in four equal installments on each quarterly anniversary of the Grant Date, provided that Mr. Giordano is employed by or providing services to the Company through the applicable vesting date and subject to the terms and conditions of the AYRO, Inc. Long-Term Incentive Plan.