Joseph Hart - 22 Mar 2023 Form 4 Insider Report for ADDVANTAGE TECHNOLOGIES GROUP INC

Role
President and CEO, Director
Signature
/s/ Michael A. Rutledge
Issuer symbol
N/A
Transactions as of
22 Mar 2023
Net transactions value
+$481,168
Form type
4
Filing time
24 Mar 2023, 11:24:30 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEY Common Stock Award $261,000 +225,000 +115% $1.16 421,122 22 Mar 2023 Direct F1
transaction AEY Common Stock Award $52,200 +45,000 +11% $1.16 466,122 22 Mar 2023 Direct F2
transaction AEY Common Stock Award $167,968 +144,800 +31% $1.16 610,922 22 Mar 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 For the 225,000 shares, there is no vesting restriction.
F2 For the 45,000 shares acquired on 03/22/2023, there is a vesting restriction which expires on 12/29/2023.
F3 For the 144,800 shares acquired on 03/22/2023, the shares will vest annually over a two year period with the first installment vesting on 03/22/2024.