David Klenk - Aug 28, 2023 Form 4 Insider Report for ELECTRO SENSORS INC (ELSE)

Role
CEO, Director
Signature
David Klenk
Stock symbol
ELSE
Transactions as of
Aug 28, 2023
Transactions value $
$0
Form type
4
Date filed
9/22/2023, 03:23 PM

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 ELSE Stock Option (Right-to-Buy) Award $0 +25K $0.00 25K Aug 28, 2023 Common Stock 25K $4.25 Direct F1
transaction ELSE Restricted Stock Units Award $0 +35K $0.00 35K Sep 1, 2023 Common Stock 35K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Option vests as to 20% on August 28, 2023 and 20% annually thereafter.
F2 Each restricted stock unit represents a contingent right to receive one share of Electro-Sensors, Inc. common stock.
F3 The restricted stock units vest 20% on September 1, 2024 and 20% annually thereafter.