Troy Wilkinson - 03 Jan 2022 Form 4 Insider Report for Tego Cyber, Inc. (TGCB)

Signature
/s/ Troy Wilkinson
Issuer symbol
TGCB
Transactions as of
03 Jan 2022
Net transactions value
$0
Form type
4
Filing time
10 Mar 2022, 08:33:09 UTC
Previous filing
24 Nov 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 +2,000,000 $0.000000 2,000,000 03 Jan 2022 Common 2,000,000 $0.6500 Direct F1
transaction TGCB Performance Stock Unit Award $0 +1,000,000 $0.000000 1,000,000 08 Mar 2022 Common 1,000,000 $0.000000 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. Pursuant to the gran 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.