Michael D. Burger - Feb 19, 2023 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role
President and CEO
Signature
/s/ Allen Muhich, attorney-in-fact for Michael D. Burger
Stock symbol
FARO
Transactions as of
Feb 19, 2023
Transactions value $
-$140,704
Form type
4
Date filed
5/31/2023, 07:21 PM
Previous filing
Jun 21, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FARO Common Stock Options Exercise +3.98K +3.56% 116K Feb 19, 2023 Direct F1
transaction FARO Common Stock Tax liability -$36.9K -1.29K -1.12% $28.57 114K Feb 19, 2023 Direct F2
transaction FARO Common Stock Options Exercise +5.39K +4.72% 120K Feb 21, 2023 Direct F1
transaction FARO Common Stock Tax liability -$43.3K -1.57K -1.32% $27.51 118K Feb 21, 2023 Direct F2
transaction FARO Common Stock Tax liability -$60.5K -2.45K -2.08% $24.66 116K Mar 14, 2023 Direct F2

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 -3.98K -29.8% $0.00 9.37K Feb 19, 2023 Common Stock 3.98K Direct F1, F3
transaction FARO Restricted Stock Units Options Exercise $0 -5.39K -57.54% $0.00 3.98K Feb 21, 2023 Common Stock 5.39K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael D. Burger is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each restricted stock unit, or RSU, represents a contingent right to receive one share of FARO Technologies, Inc. common stock.
F2 The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs.
F3 The RSUs vest in three equal annual installments beginning February 19, 2022.
F4 The RSUs vest in three equal annual installments beginning February 21, 2021.

Remarks:

The amounts reported in Column 5 of Table I report beneficial ownership as of the date of filing this report on Form 4.