Joshua Horowitz - Jan 1, 2024 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, 2024
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 06:23 PM
Previous filing
Dec 22, 2023
Next filing
Feb 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMB Common Stock Options Exercise $0 +1.07K +3.24% $0.00 34K Jan 1, 2024 Direct
transaction LMB Common Stock Options Exercise $0 +6.91K +20.31% $0.00 40.9K Jan 1, 2024 Direct
holding LMB Common Stock 257K Jan 1, 2024 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 -13.38% $0.00 6.91K Jan 1, 2024 Common Stock 1.07K Direct F2, F3
transaction LMB Restricted Stock Units Options Exercise $0 -6.91K -100% $0.00* 0 Jan 1, 2024 Common Stock 6.91K Direct F2, F4
transaction LMB Restricted Stock Units Award $0 +1.91K $0.00 1.91K Jan 1, 2024 Common Stock 1.91K Direct F2, F5
* 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 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.
F4 This award of RSUs was granted on 01/04/2023. The RSUs cliff vested on January 1, 2024.
F5 This award of RSUs was granted on 01/01/2024. The RSUs are scheduled to cliff vest on January 1, 2025.