Michael M. McCann - Jan 1, 2023 Form 4 Insider Report for Limbach Holdings, Inc. (LMB)

Role: Chief Operating Officer
Signature: /s/ Jeremiah G. Garvey, Attorney-in-Fact for Michael M. McCann
Stock symbol: LMB
Transactions as of: Jan 1, 2023
Transactions value $: -$46,980
Form type: 4
Date filed: 1/4/2023, 05:18 PM
Previous filing: May 19, 2022
Next filing: Jan 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LMB	Common Stock	Options Exercise	$0	+3.33K	+4.85%	$0.00	72.1K	Jan 1, 2023	Direct
transaction	LMB	Common Stock	Options Exercise	$0	+2.5K	+3.47%	$0.00	74.6K	Jan 1, 2023	Direct
transaction	LMB	Common Stock	Options Exercise	$0	+3.89K	+5.22%	$0.00	78.5K	Jan 1, 2023	Direct
transaction	LMB	Common Stock	Options Exercise	$0	+5.49K	+7%	$0.00	83.9K	Jan 1, 2023	Direct
transaction	LMB	Common Stock	Tax liability	-$47K	-4.51K	-5.38%	$10.41	79.4K	Jan 1, 2023	Direct	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	-3.33K	-11.08%	$0.00	26.7K	Jan 1, 2023	Common Stock	3.33K		Direct	F2, F3
transaction	LMB	Restricted Stock Units	Options Exercise	$0	-2.5K	-9.35%	$0.00	24.2K	Jan 1, 2023	Common Stock	2.5K		Direct	F2, F4
transaction	LMB	Restricted Stock Units	Options Exercise	$0	-3.89K	-16.04%	$0.00	20.4K	Jan 1, 2023	Common Stock	3.89K		Direct	F2, F5
transaction	LMB	Restricted Stock Units	Options Exercise	$0	-5.49K	-26.96%	$0.00	14.9K	Jan 1, 2023	Common Stock	5.49K		Direct	F2, F6
transaction	LMB	Restricted Stock Units	Award	$0	+14.1K	+94.8%	$0.00	29K	Jan 4, 2023	Common Stock	14.1K		Direct	F2, F7

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

Explanation of Responses:

Id	Content
F1	Reflects the withholding of 4,513 shares by Limbach Holdings, Inc. (the "Company") to satisfy tax withholding requirements. Such transaction was exempt from Section 16(b) pursuant to Rule 16b-3.
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(d)(1) and (3).
F3	This award of RSUs was granted on 01/01/2020. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2021, January 1, 2022 and January 1, 2023, subject to continued employment through the applicable vesting date. The amounts reported above (related to this grant) do not include performance-based RSUs, if any, that may be earned by the reporting person but for which the Compensation Committee has not yet determined the achievement of the applicable performance goals. Any such RSUs will be reported on a Form 4 within two business days of the date of such determination.
F4	This award of RSUs was granted on 05/11/2020. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2021, January 1, 2022 and January 1, 2023, subject to continued employment through the applicable vesting date.
F5	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 employment through the applicable vesting date. The amounts reported above (related to this grant) do not include performance-based RSUs, if any, that may be earned by the reporting person but for which the Compensation Committee has not yet determined the achievement of the applicable performance goals. Any such RSU's will be reported on a Form 4 within two business days of the date of such determination.
F6	This award of RSUs was granted on 01/01/2022. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2023, January 1, 2024 and January 1, 2025, subject to continued employment through the applicable vesting date. The amounts reported above (related to this grant) do not include performance-based RSUs, if any, that may be earned by the reporting person but for which the Compensation Committee has not yet determined the achievement of the applicable performance goals. Any such RSU's will be reported on a Form 4 within two business days of the date of such determination.
F7	This award of RSUs was granted on 01/04/2023. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2024, January 1, 2025 and January 1, 2026, subject to continued employment through the applicable vesting date. The amounts reported above (related to this grant) do not include performance-based RSUs, if any, that may be earned by the reporting person but for which the Compensation Committee has not yet determined the achievement of the applicable performance goals. Any such RSU's will be reported on a Form 4 within two business days of the date of such determination.