Dan Mondor - Mar 9, 2022 Form 4 Insider Report for INSEEGO CORP. (INSG)

Signature
/s/ Kurt E. Scheuerman, Attorney-in-Fact
Stock symbol
INSG
Transactions as of
Mar 9, 2022
Transactions value $
-$611,928
Form type
4
Date filed
3/11/2022, 07:20 PM
Previous filing
Mar 3, 2022
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSG Common Stock Options Exercise $47K +50K +25.79% $0.94 244K Mar 9, 2022 Direct
transaction INSG Common Stock Sale -$231K -50K -20.5% $4.61 194K Mar 9, 2022 Direct F1, F2
transaction INSG Common Stock Award $0 +203K +104.7% $0.00 397K Mar 9, 2022 Direct
transaction INSG Common Stock Disposed to Issuer -$428K -92.5K -23.32% $4.63 304K Mar 9, 2022 Direct F3

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 INSG Stock Options Options Exercise $0 -50K -8.99% $0.00 506K Mar 9, 2022 Common Stock 50K $0.94 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock option exercise and same-day-sale.
F2 Reflects the weighted average sale price. The reporting person effected multiple open market sale transactions on the same day at different prices through a trade order executed by a broker dealer. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a shareholder of the issuer, full information regarding the number of shares sold at each separate price. The range of prices for such transactions is $4.51 to $4.86.
F3 Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of the Restricted Stock Units ("RSUs"). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person.