Karen Lea Hawkins - 02 Oct 2023 Form 4 Insider Report for Optex Systems Holdings Inc (OPXS)

Role: CFO
Signature: /s/ Karen Lea Hawkins
Issuer symbol: OPXS
Transactions as of: 02 Oct 2023
Net transactions value: -$6,129
Form type: 4
Filing time: 17 Oct 2023, 18:38:12 UTC
Previous filing: 05 May 2023
Next filing: 10 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPXS	COMMON STOCK	Options Exercise		+7,000	+40%		24,642	02 Oct 2023	Direct	F1
transaction	OPXS	COMMON STOCK	Tax liability	$6,129	-1,540	-6.2%	$3.98	23,102	02 Oct 2023	Direct

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	OPXS	PERFORMANCE SHARES	Options Exercise	$0	+7,000	+33%	$0.000000	28,000	02 Oct 2023	COMMON STOCK	7,000		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each performance share represents a contingent right to receive one share of OPXS common stock. The performance shares vest in five equal increments if, in each case and during a performance period beginning on October 2, 2023, the average VWAP per share of OPXS common stock over a 30 consecutive trading day period equals or exceeds a specified price.