Loren A. Unterseher - Dec 31, 2022 Form 4 Insider Report for INSIGNIA SYSTEMS INC/MN (LDWY)

Role: Director
Signature: /s/ Joyce E. Kobilka, Attorney-in-Fact
Stock symbol: LDWY
Transactions as of: Dec 31, 2022
Transactions value $: $5,498
Form type: 4
Date filed: 1/3/2023, 01:43 PM
Previous filing: Dec 14, 2022
Next filing: Feb 21, 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	LDWY	Common Stock Equivalent	Award	$5.5K	+704	+9.27%	$7.81	8.3K	Dec 31, 2022	Common Stock	704		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each Common Stock Equivalent is the economic equivalent of one share of Insignia Systems, Inc. common stock. The Common Stock Equivalents were acquired pursuant to the Insignia Systems, Inc. Deferred Compensation Plan for Directors (the "Plan"), whereby Directors may elect to defer receipt of cash fees. The Common Stock Equivalents will be settled (i) in Insignia Systems, Inc. common stock upon a separation from service with the Company or (ii) in cash upon an earlier change in control of the Company.

Content

Each Common Stock Equivalent is the economic equivalent of one share of Insignia Systems, Inc. common stock. The Common Stock Equivalents were acquired pursuant to the Insignia Systems, Inc. Deferred Compensation Plan for Directors (the "Plan"), whereby Directors may elect to defer receipt of cash fees. The Common Stock Equivalents will be settled (i) in Insignia Systems, Inc. common stock upon a separation from service with the Company or (ii) in cash upon an earlier change in control of the Company.