Allen L. Muhich - Feb 19, 2022 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role
Chief Financial Officer
Signature
/s/ Allen L. Muhich
Stock symbol
FARO
Transactions as of
Feb 19, 2022
Transactions value $
-$24,751
Form type
4
Date filed
2/22/2022, 03:14 PM
Previous filing
Jul 27, 2021
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FARO Common Stock Options Exercise +1.22K +23.07% 6.51K Feb 19, 2022 Direct F1, F2
transaction FARO Common Stock Tax liability -$24.8K -461 -7.08% $53.69 6.05K Feb 19, 2022 Direct F3

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 FARO Restricted Stock Units Options Exercise $0 -1.22K -33.33% $0.00 2.44K Feb 19, 2022 Common Stock 1.22K Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
F2 Each RSU represents a contingent right to receive the economic equivalent of one share of common stock of FARO Technologies, Inc. (the "Issuer") upon vesting for no consideration.
F3 Represents shares withheld by the Issuer to satisfy tax withholding obligations on the vesting of RSUs.
F4 1,220 of the shares underlying the RSUs vested on February 19, 2022 and the 2,440 remaining shares underlying the RSUs will vest in equal installments on February 19, 2023 and February 19, 2024.