Richard Schurfeld - Aug 8, 2023 Form 4 Insider Report for SurgePays, Inc. (SURG)

Role
Director
Signature
/s/ Richard Schurfeld
Stock symbol
SURG
Transactions as of
Aug 8, 2023
Transactions value $
$0
Form type
4
Date filed
8/15/2023, 04:15 PM
Previous filing
Dec 30, 2022
Next filing
Apr 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SURG Common Stock (Restricted Share Award) Award $0 +24K $0.00 24K Aug 8, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were issued to Mr. Schurfeld pursuant to the provisions of the SurgePays, Inc. 2022 Omnibus Securities and Incentive Plan (the "2022 Plan") and a Restricted Share Award Agreement, dated August 8, 2023, by and between SurgePays, Inc. (the "Company") and Mr. Schurfeld (the "RSA Agreement"). The RSA Agreement provides that the shares will not vest until the earliest to occur of (a) the director no longer serves as a director of the Company for any reason (including, but not limited to, upon death or disability that renders the director incapable of providing services to the Company) other than a Termination of Service for Cause (as defined in the RSA Agreement); (b) upon the occurrence of a Change in Control (as defined in the 2022 Plan); or (c) the fifth anniversary of the award date.