Daniel C. Philp - Dec 31, 2023 Form 4 Insider Report for LENDWAY, INC. (LDWY)

Role
Director
Signature
/s/ Joyce E Kobilka, Attorney-in-Fact
Stock symbol
LDWY
Transactions as of
Dec 31, 2023
Transactions value $
$4,246
Form type
4
Date filed
1/3/2024, 09:55 AM
Previous filing
Oct 3, 2023
Next filing
Apr 2, 2024

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 +921 +47.84% $4.61 2.85K Dec 31, 2023 Common Stock 921 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 Lendway, Inc. common stock. The Common Stock Equivalents were acquired pursuant to the Lendway, 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 Lendway, Inc. common stock upon a separation from service with the Company or (ii) in cash upon an earlier change in control of the Company.