Joshua Horowitz - Jan 1, 2023 Form 4 Insider Report for Limbach Holdings, Inc. (LMB)

Role
Director
Signature
/s/ Jeremiah G. Garvey, Attorney-in-Fact for Joshua S. Horowitz
Stock symbol
LMB
Transactions as of
Jan 1, 2023
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 05:16 PM
Previous filing
Nov 28, 2022
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMB Common Stock Options Exercise $0 +1.07K +4.87% $0.00 23K Jan 1, 2023 Direct
transaction LMB Common Stock Options Exercise $0 +1.07K +4.64% $0.00 24.1K Jan 1, 2023 Direct
transaction LMB Common Stock Options Exercise $0 +8.88K +36.88% $0.00 32.9K Jan 1, 2023 Direct
holding LMB Common Stock 257K Jan 1, 2023 Palm Global Small Cap Master Fund LP F1

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 LMB Restricted Stock Units Options Exercise $0 -1.07K -8.83% $0.00 11K Jan 1, 2023 Common Stock 1.07K Direct F2, F3
transaction LMB Restricted Stock Units Options Exercise $0 -1.07K -9.69% $0.00 9.94K Jan 1, 2023 Common Stock 1.07K Direct F2, F4
transaction LMB Restricted Stock Units Options Exercise $0 -8.88K -89.27% $0.00 1.07K Jan 1, 2023 Common Stock 8.88K Direct F2, F5
transaction LMB Restricted Stock Units Award $0 +6.91K +647.24% $0.00 7.97K Jan 4, 2023 Common Stock 6.91K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares are owned directly by Palm Global Small Cap Master Fund LP (the "Fund"). Palm Management (US) LLC ("Palm Management"), as the investment manager of the Fund, may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by the Fund. Due to his positions with the Fund and Palm Management, Mr. Joshua S. Horowitz may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by the Fund. Due to his position with Palm Management, Mr. Bradley C. Palmer may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by the Fund. Messrs. Palmer and Horowitz disclaim beneficial ownership of these shares except to the extent of their respective pecuniary interest therein.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Limbach Holdings, Inc. (the "Company") common stock, exempt under Rule 16b-3.
F3 This award of RSU's was granted on 04/03/2020. The award is subject to service-based vesting conditions and vests 27.241732% on January 1, 2021 and 36.379134% on each of January 1, 2022 and January 1, 2023, subject to continued service through the applicable vesting date.
F4 This award of RSUs was granted on 01/01/2021. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2022, January 1, 2023 and January 1, 2024, subject to continued service through the applicable vesting date.
F5 This award of RSUs was granted on 01/01/2022. The RSUs are scheduled to cliff vest on January 1, 2023.
F6 This award of RSUs was granted on 01/04/2023. The RSUs are scheduled to cliff vest on January 1, 2024.