MICHAEL D. BURGER - 19 Feb 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
Issuer symbol
FARO
Transactions as of
19 Feb 2023
Net transactions value
-$140,704
Form type
4
Filing time
31 May 2023, 19:21:57 UTC
Previous filing
21 Jun 2022
Next filing
03 Mar 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 +3,977 +3.6% 115,586 19 Feb 2023 Direct F1
transaction FARO Common Stock Tax liability $36,912 -1,292 -1.1% $28.57 114,294 19 Feb 2023 Direct F2
transaction FARO Common Stock Options Exercise +5,390 +4.7% 119,684 21 Feb 2023 Direct F1
transaction FARO Common Stock Tax liability $43,301 -1,574 -1.3% $27.51 118,110 21 Feb 2023 Direct F2
transaction FARO Common Stock Tax liability $60,491 -2,453 -2.1% $24.66 115,657 14 Mar 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 -3,977 -30% $0.000000 9,367 19 Feb 2023 Common Stock 3,977 Direct F1, F3
transaction FARO Restricted Stock Units Options Exercise $0 -5,390 -58% $0.000000 3,977 21 Feb 2023 Common Stock 5,390 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.