Timothy Pitoniak - Jan 24, 2022 Form 3 Insider Report for ISSUER DIRECT CORP (ISDR)

Role: Chief Financial Officer
Signature: /s/ Timothy Pitoniak
Stock symbol: ISDR
Transactions as of: Jan 24, 2022
Transactions value $: $0
Form type: 3
Date filed: 1/25/2022, 04:55 PM
Next filing: Feb 3, 2023

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
holding	ISDR	Option to Purchase Common Stock							Jan 24, 2022	Common Stock	30K	$26.00	Direct	F1
holding	ISDR	Restricted Stock Units							Jan 24, 2022	Common Stock	20K	$0.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	This option to purchase common stock was granted on January 24, 2022 and vests as follows: over a four-year period at a rate of 7,500 shares of common stock underlying the option grant on the first, second, third and fourth anniversary of the date of grant. The closing price of the Issuer's common stock on January 24, 2022, the date of grant, was $26.00 per share. The Reporting Person must be an employee of the Issuer as of each vesting date. The option grant will expire on January 23, 2032. In the event of a Corporate Transaction (as defined in the Issuer's 2014 Equity Incentive Plan, as amended (the "Plan"), any unvested portion of the option grant will be immediately vested so long as the Reporting Person continues to be an employee of the Issuer at such time.
F2	These restricted stock units were granted January 24, 2022 and vest on January 24, 2025. The closing price of the Issuer's common stock on January 24, 2022, the date of grant, was $26.00 per share. The Reporting Person must be an employee of the Issuer as of the vesting date. In the event of a Corporate Transaction (as defined in the Plan), any unvested portion of the restricted stock units shall be immediately vested so long as the Reporting Person continues to be an employee of the Issuer at such time.

Content

This option to purchase common stock was granted on January 24, 2022 and vests as follows: over a four-year period at a rate of 7,500 shares of common stock underlying the option grant on the first, second, third and fourth anniversary of the date of grant. The closing price of the Issuer's common stock on January 24, 2022, the date of grant, was $26.00 per share. The Reporting Person must be an employee of the Issuer as of each vesting date. The option grant will expire on January 23, 2032. In the event of a Corporate Transaction (as defined in the Issuer's 2014 Equity Incentive Plan, as amended (the "Plan"), any unvested portion of the option grant will be immediately vested so long as the Reporting Person continues to be an employee of the Issuer at such time.

These restricted stock units were granted January 24, 2022 and vest on January 24, 2025. The closing price of the Issuer's common stock on January 24, 2022, the date of grant, was $26.00 per share. The Reporting Person must be an employee of the Issuer as of the vesting date. In the event of a Corporate Transaction (as defined in the Plan), any unvested portion of the restricted stock units shall be immediately vested so long as the Reporting Person continues to be an employee of the Issuer at such time.