Shai Shalom Lustgarten - Mar 6, 2023 Form 4 Insider Report for OMNIQ Corp. (OMQS)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Shai Shalom Lustgarten
Stock symbol
OMQS
Transactions as of
Mar 6, 2023
Transactions value $
$125,258
Form type
4
Date filed
3/8/2023, 08:55 PM
Previous filing
Sep 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OMQS Common Stock Options Exercise $125K +52.2K +5.66% $2.40 975K Mar 6, 2023 Direct F1

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 OMQS Stock Option (right to buy) Options Exercise -47.8K -100% 0 Mar 6, 2023 Common stock 52.2K $2.40 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options exercised herein reflect the cashless exercise of certain options scheduled to expire on March 6, 2023. In connection with the Company's 2018 Option Plan, On March 6, 2023, Mr. Lustgarten exercised 100,000 options on a cashless basis. For this transaction, the number of shares received by Mr. Lustgarten was 52,191. Following the net exercise, Mr. Lustgarten will have 0 remaining options from the grant on March 6, 2018.
F2 The options were issued pursuant to a grant under the 2018 Equity Incentive Plan.

Remarks:

Prior to the transaction reported herein, Mr. Lustgarten held 922,631 shares of the issuer's common stock. A portion of the shares held by Mr. Lustgarten are held in the name of his entity, Walefar Investments Ltd.