Carleton M. Miller - Dec 19, 2023 Form 4 Insider Report for Vislink Technologies, Inc. (VISL)

Role
Chief Executive Officer, Director
Signature
/s/ Ira Kotel, attorney-in-fact
Stock symbol
VISL
Transactions as of
Dec 19, 2023
Transactions value $
-$137,728
Form type
4
Date filed
12/21/2023, 07:30 PM
Previous filing
Dec 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VISL Common Stock Tax liability -$138K -30K -12.5% $4.59 210K Dec 19, 2023 Direct F1, 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 VISL Option to Purchase (Performance-Vested) Disposed to Issuer $0 -12.5K -100% $0.00* 0 Dec 21, 2023 Common Stock 12.5K $34.20 Direct F3, F4
transaction VISL Option to Purchase (Time-Vested) Disposed to Issuer $0 -18K -100% $0.00* 0 Dec 21, 2023 Common Stock 18K $34.20 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the issuance of 30,006 shares of Common Stock, net of shares witheld to pay taxes, upon vesting and delivery to the Reporting Person of the time-based tranche of 14,970 restricted stock units awarded in March 2021 and 23,673 restricted stock units awarded in February 2022.
F2 Includes 38,643 shares of Common Stock that have vested pursuant to previously issued restricted stock units; also includes an additional 82,124 shares of Common Stock issuable pursuant to restricted stock units that will potentially vest by December 1, 2026. All such vested and unvested shares were previously reported on a Form 4 at the time of grant.
F3 On December 21, 2023, the Reporting Person voluntarily agreed to relinquish a previously issued option to purchase 30,461 shares of Common Stock granted to the Reporting Person on January 22, 2020, which includes 12,500 Performance-Vested Options and 17,961 Time-Vested Options.
F4 The Performance-Vested Option would have vested in three equal tranches of 500,000 shares upon the Issuer's attainment, on or before the fifth anniversary of the award date, of specified cumulative EBITDA performance conditions in the Option Agreement dated as of January 22, 2020, subject in each case to the Reporting Person's continued employment by the Issuer on the applicable vesting date. None of these options have vested.
F5 The Time-Vested Option would have become exercisable in full by January 22, 2024.