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.

Content

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.

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.