Shannon Wilkinson - Jan 3, 2022 Form 4 Insider Report for Tego Cyber, Inc. (TGCB)

Role
CEO, CFO, Secretary, Treasurer, Director, 10%+ Owner
Signature
/s/ Shannon Wilkinson
Stock symbol
TGCB
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
3/10/2022, 08:32 AM
Previous filing
Nov 24, 2021

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 TGCB Employee Stock Option Award $0 +2M $0.00 2M Jan 3, 2022 Common Stock 2M $0.65 Direct F1
transaction TGCB Performance Stock Unit Award $0 +1M $0.00 1M Mar 8, 2022 Common Stock 1M $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options are issued under the 2021 Equity Compensation Plan and pursuant to reporting person's employment agreement as previously reported January 4, 2022. Pursuant to the grant. 400,000 options vest each year beginning on the first anniversary of the grant date which is January 3, 2022.
F2 Represents a contingent right to receive shares of TGCB common stock upon vesting and settlement of Performance Stock Units earned based on the achievement of certain operations criteria in accordance with the award granted pursuant to the Issuer's 2021 Equity Compensation Plan. Under the award 250,000 shall vest upon Issuer achievement of certain market capitalization goals provided the reporting person remains employed by the Issuer on such date.