Xin He - Jul 19, 2023 Form 4 Insider Report for Professional Diversity Network, Inc. (IPDN)

Role
Chief Executive Officer
Signature
/s/ Xin He
Stock symbol
IPDN
Transactions as of
Jul 19, 2023
Transactions value $
$0
Form type
4
Date filed
7/31/2023, 09:00 AM
Previous filing
Apr 18, 2023
Next filing
Jul 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPDN Common Stock Award $0 +13.3K +7.08% $0.00 201K Jul 19, 2023 Direct F4
transaction IPDN Common Stock Award $0 +40K +19.91% $0.00 241K Jul 19, 2023 Direct F2

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 IPDN Restricted Stock Units Award $0 +80K +533.33% $0.00 95K Jul 19, 2023 Common Stock 80K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F2 On July 18, 2023, the Company granted an award of 120,000 shares of Restricted Stock Units to Mr. He in connection with the execution of an employment agreement between the Company and Mr. He. The Restricted Stock Units issued to the executive will vest in accordance with the following schedule: (i) 40,000 shares underlying the Restricted Stock Units were vested on July 19, 2023, (ii) 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2024, and (iii) 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2025.
F3 Includes an option to acquire 15,000 shares of the Issuer's Common Stock that was issued to Mr. He prior to the reported transactions.
F4 Mr. He received 13,289 shares as bonus compensation on July 19, 2023.