MICHAEL D. BURGER - 17 Jun 2022 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role
President and CEO, Director
Signature
/s/ Allen Muhich, attorney-in-fact for Michael D. Burger (power of attorney previously filed)
Issuer symbol
FARO
Transactions as of
17 Jun 2022
Net transactions value
-$146,219
Form type
4
Filing time
21 Jun 2022, 16:26:54 UTC
Previous filing
15 Mar 2022
Next filing
31 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FARO Common Stock Options Exercise +10,421 +21% 58,933 17 Jun 2022 Direct F1, F2
transaction FARO Common Stock Tax liability $146,219 -4,682 -7.9% $31.23 54,251 17 Jun 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 -10,421 -100% $0.000000* 0 17 Jun 2022 Common Stock 10,421 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 10,421 of the shares underlying the RSUs vested on June 17, 2022.