Joseph Hart - Mar 22, 2023 Form 4 Insider Report for ADDVANTAGE TECHNOLOGIES GROUP INC (AEY)

Role
President and CEO, Director
Signature
/s/ Michael A. Rutledge
Stock symbol
AEY
Transactions as of
Mar 22, 2023
Transactions value $
$481,168
Form type
4
Date filed
3/24/2023, 11:24 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEY Common Stock Award $261K +225K +114.72% $1.16 421K Mar 22, 2023 Direct F1
transaction AEY Common Stock Award $52.2K +45K +10.69% $1.16 466K Mar 22, 2023 Direct F2
transaction AEY Common Stock Award $168K +145K +31.06% $1.16 611K Mar 22, 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.