Michael Millegan - Jun 15, 2023 Form 4 Insider Report for WIRELESS TELECOM GROUP INC (WTT)

Role: Director
Signature: /s/ Michael Kandell
Stock symbol: WTT
Transactions as of: Jun 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/16/2023, 04:05 PM
Previous filing: Jan 19, 2023
Next filing: Jul 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WTT	Common Stock, par value $0.01 per share	Award	$0	+6.25K	+3.68%	$0.00	176K	Jun 15, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Transaction represents grant of Restricted Stock Units ("RSUs") under the 2021 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3(d). On June 15, 2023 the Reporting Person was granted 6,250 RSUs which vest on June 14, 2024 (the "Vesting Date"), provided that the Reporting Person's service as a director of the Company continues to such date. Vesting may occur earlier during the Reporting Person's period of service due to death or disability or the occurrence of a change in control. Each RSU represents the contingent right to receive, at settlement, one share of Wireless Telecom Group (WTT) Common Stock subject to vesting of said unit. Settlement will occur within 30 days of the earlier of three years from the grant date, the date of the Reporting Person's separation from service (assuming vesting) or a change in control (assuming vesting).
F2	Of the reported securities, 131,250 are represented by RSUs.

Content

Transaction represents grant of Restricted Stock Units ("RSUs") under the 2021 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3(d). On June 15, 2023 the Reporting Person was granted 6,250 RSUs which vest on June 14, 2024 (the "Vesting Date"), provided that the Reporting Person's service as a director of the Company continues to such date. Vesting may occur earlier during the Reporting Person's period of service due to death or disability or the occurrence of a change in control. Each RSU represents the contingent right to receive, at settlement, one share of Wireless Telecom Group (WTT) Common Stock subject to vesting of said unit. Settlement will occur within 30 days of the earlier of three years from the grant date, the date of the Reporting Person's separation from service (assuming vesting) or a change in control (assuming vesting).

Of the reported securities, 131,250 are represented by RSUs.