Michael Nowlan - Jun 7, 2023 Form 4 Insider Report for ISSUER DIRECT CORP (ISDR)

Role: Director
Signature: /s/ Michael Nowlan
Stock symbol: ISDR
Transactions as of: Jun 7, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/9/2023, 04:32 PM
Previous filing: Jun 10, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ISDR	Common Stock						21K	Jun 7, 2023	Direct	F1

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	Restricted Stock Units	Award	$0	+3.58K		$0.00	3.58K	Jun 7, 2023	Common Stock	3.58K	$0.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes 2,488 restricted stock units which vested on June 8, 2023 and have been previously reported.
F2	This restricted stock unit vests on the earlier of (i) the date of the following year's annual meeting of stockholders (but only for a non-employee director who ceases to be a member of the Board of Directors at such annual meeting as a result of not standing for re-election or not being re-elected) or (ii) June 7, 2024. In the event of a Change in Control (as defined in the Issuer's 2023 Equity Incentive Plan), the restricted stock units not previously vested shall immediately become vested. The Reporting Person must be a member of the Board of Directors as of the vesting date.

Content

Includes 2,488 restricted stock units which vested on June 8, 2023 and have been previously reported.

This restricted stock unit vests on the earlier of (i) the date of the following year's annual meeting of stockholders (but only for a non-employee director who ceases to be a member of the Board of Directors at such annual meeting as a result of not standing for re-election or not being re-elected) or (ii) June 7, 2024. In the event of a Change in Control (as defined in the Issuer's 2023 Equity Incentive Plan), the restricted stock units not previously vested shall immediately become vested. The Reporting Person must be a member of the Board of Directors as of the vesting date.