Steven Winfield Knerr - Mar 18, 2022 Form 4 Insider Report for ISSUER DIRECT CORP (ISDR)

Role: Principal Accounting Officer
Signature: /s/ Steven Winfield Knerr
Stock symbol: ISDR
Transactions as of: Mar 18, 2022
Transactions value $: -$8,725
Form type: 4
Date filed: 3/22/2022, 09:05 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ISDR	Common Stock	Sale	-$66.9K	-2.5K	-10.42%	$26.77	21.5K	Mar 18, 2022	Direct	F1
transaction	ISDR	Common Stock	Options Exercise	$58.2K	+7.5K	+34.88%	$7.76	29K	Mar 22, 2022	Direct	F2

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	ISDR	Options to Purchase Common Stock	Options Exercise	$0	-7.5K	-75%	$0.00	2.5K	Mar 22, 2022	Common Stock	2.5K	$7.76	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The Reporting Person sold these 2,500 shares pursuant to a Rule 10b5-1 trading plan executed on August 21, 2020 and in order to pay the exercise price for the option exercise described in footnote 2 below along with any applicable taxes. The $26.77 represents a weighted average price. The Reporting Person sold 1,100 shares of common stock at a price of $26.50 per share and 1,400 shares of common stock at a price of $26.99 per share.
F2	The Reporting Person exercised an option to purchase 7,500 shares of common stock at a per share exercise price of $7.76. The option was originally granted on October 1, 2013 and 2,500 shares of common stock continue to underlie this option.
F3	All of the shares underlying this option have vested.