Juho Sarvikas - 06 Jan 2025 Form 4 Insider Report for INSEEGO CORP. (INSG)

Role: Chief Executive Officer, Director
Signature: /s/ Kurt E. Scheuerman, Attorney-in-Fact
Issuer symbol: INSG
Transactions as of: 06 Jan 2025
Net transactions value: $0
Form type: 4
Filing time: 07 Jan 2025, 16:47:14 UTC
Next filing: 05 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INSG	Common Stock	Award	$0	+124,347		$0.000000	123,347	06 Jan 2025	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	INSG	Stock Options (right to buy)	Award	$0	+200,000		$0.000000	200,000	06 Jan 2025	Common Stock	200,000	$10.72	Direct	F2
transaction	INSG	Stock Options (right to buy)	Award	$0	+210,000		$0.000000	210,000	06 Jan 2025	Common Stock	210,000	$15.72	Direct	F2
transaction	INSG	Stock Options (right to buy)	Award	$0	+215,000		$0.000000	215,000	06 Jan 2025	Common Stock	215,000	$20.72	Direct	F2
transaction	INSG	Stock Options (right to buy)	Award	$0	+225,000		$0.000000	225,000	06 Jan 2025	Common Stock	225,000	$25.72	Direct	F2
transaction	INSG	Performance Share Units	Award	$0	+167,910		$0.000000	167,910	06 Jan 2025	Common Stock	167,910	$0.000000	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Represents restricted stock units scheduled to vest over a four-year period, with one-fourth vesting on the first anniversary of the grant date and 1/48th vesting monthly thereafter through the fourth anniversary of the grant date.
F2	Twenty-five percent (25%) of the shares subject to the Options shall be first eligible to vest and become exercisable on the first anniversary of the grant date and (b) 1/48 of the shares vest on each monthly anniversary thereafter (such Options which have become so eligible, "Eligible Options"), such that one hundred percent (100%) of the Options shall become Eligible Options on the four-year anniversary of the Grant Date. The Options shall vest and become only if (a) they have become Eligible Options; and (b) the average of the per-share closing price of the Company's common stock as reported on the principal exchange on which the shares are listed has equaled or exceeded the exercise price for twenty (20) trading days within any 30-day period prior to the date of exercise.
F3	Represents target award of performance restricted stock units that will be earned and vest based upon on the performance of the Company's Common Stock relative to the total shareholder return of Russell Microcap Index ("rTSR") between January 6, 2025 and January 7, 2028 (the "Performance Period"). The number of shares that will be issued will be between zero and 200% of the target award, depending on the level of performance through the Performance Period.