Mary Herfurth - Mar 31, 2024 Form 4 Insider Report for LENDWAY, INC. (LDWY)

Role: Director
Signature: /s/ Joyce E Kobilka, Attorney-in-Fact
Stock symbol: LDWY
Transactions as of: Mar 31, 2024
Transactions value $: $5,495
Form type: 4
Date filed: 4/2/2024, 02:02 PM
Previous filing: Jan 3, 2024
Next filing: Jul 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	$5.5K	+922	+49.09%	$5.96	2.8K	Mar 31, 2024	Common Stock	922		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.

Content

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.