Michael De Valera - Jan 3, 2022 Form 4 Insider Report for Tego Cyber, Inc. (TGCB)

Role: Director
Signature: /s/ Michael De Valera
Stock symbol: TGCB
Transactions as of: Jan 3, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/10/2022, 08:33 AM
Previous filing: Nov 24, 2021
Next filing: Apr 4, 2024

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	+125K		$0.00	125K	Jan 3, 2022	Common	125K	$0.65	Direct	F1
transaction	TGCB	Performance Stock Unit	Award	$0	+400K		$0.00	400K	Mar 8, 2022	Common	400K	$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. Pursuant to the grant, 25,000 options vest each year beginning on the grant date which was 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 operational criteria in accordance with the award granted pursuant to the Issuer's 2021 Equity Compensation Plan. Under the award 100,000 shares shall vest upon the Issuer achievement of certain market capitalization goals provided in the reporting persons remains a director or officer of the Issuer.

Content

The options are issued under the 2021 Equity Compensation Plan. Pursuant to the grant, 25,000 options vest each year beginning on the grant date which was January 3, 2022.

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 operational criteria in accordance with the award granted pursuant to the Issuer's 2021 Equity Compensation Plan. Under the award 100,000 shares shall vest upon the Issuer achievement of certain market capitalization goals provided in the reporting persons remains a director or officer of the Issuer.