Gordon G. Pratt - Jun 1, 2023 Form 4 Insider Report for Limbach Holdings, Inc. (LMB)

Role: Director
Signature: /s/ Jeremiah G. Garvey, Attorney-in-Fact for Gordon G. Pratt
Stock symbol: LMB
Transactions as of: Jun 1, 2023
Transactions value $: -$5
Form type: 4
Date filed: 6/2/2023, 05:59 PM
Previous filing: Jan 4, 2023
Next filing: Jan 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LMB	Common Stock	Exercise of in-the-money or at-the-money derivative security	$1.5M	+100K	+50.43%	$15.00	298K	Jun 1, 2023	See Footnote	F1
transaction	LMB	Common Stock	Sale	-$1.5M	-70.9K	-23.78%	$21.15	227K	Jun 1, 2023	See Footnote	F1, F2
holding	LMB	Common Stock						33.8K	Jun 1, 2023	Direct
holding	LMB	Common Stock						98.8K	Jun 1, 2023	See Footnote	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	LMB	$15 Exercise Price Sponsor Warrant	Exercise of in-the-money or at-the-money derivative security	$0	-100K	-100%	$0.00^*	0	Jun 1, 2023	Common Stock	100K	$15.00	See Footnote	F1

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

Explanation of Responses:

Id	Content
F1	Represents securities held by Fund Management Group LLC, of which the reporting person is the managing member and controlling equity holder. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2	On June 1, 2023, the Reporting Person exercised a warrant to purchase 100,000 shares of the Limbach Holdings, Inc. (the "Company") Common Stock for $15.00 per share. The Reporting Person paid the exercise price on a cashless basis, resulting in the issuer's withholding of 70,939 of the warrant shares to pay the exercise price and issuing to the Reporting Person the remaining 29,061 shares.
F3	Represents securities held by FEA Pratt Family holdings LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.