Christopher Craig White - Jan 3, 2022 Form 4 Insider Report for Tego Cyber, Inc. (TGCB)

Role
Director
Signature
/s/ Chris C. White
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 13, 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
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 and pursuant to reporting persons' employment agreement as previosuly reported January 4, 2022. Pursuant to the grant 25,000 options vest each each year beginning on the first anniversary of the grant date which was January 1, 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 (the "Plan"). Under the award 100,000 shares shall vest upon Issuer achievement of certain market capitalization goals provided the reporting person remains employed by the Issuer on such date.