Daniel C. Philp - Jun 30, 2023 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
Jun 30, 2023
Transactions value $
$4,246
Form type
4
Date filed
7/5/2023, 03:26 PM
Previous filing
Apr 4, 2023
Next filing
Oct 3, 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 $4.25K +550 +94.66% $7.72 1.13K Jun 30, 2023 Common Stock 550 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.