Sterling Griffin - 26 May 2023 Form 4 Insider Report for Harbor Custom Development, Inc.

Role
President/CEO, Director, 10%+ Owner
Signature
/s/ Sterling Griffin
Issuer symbol
N/A
Transactions as of
26 May 2023
Net transactions value
$0
Form type
4
Filing time
31 May 2023, 17:20:25 UTC
Previous filing
08 Jun 2022
Next filing
14 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCDI Common Stock, no par value Options Exercise +1,667 +1.2% 136,778 26 May 2023 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 HCDI Restricted Stock Units Options Exercise -1,667 -33% 3,333 26 May 2023 Common Stock, no par value 1,667 Direct F1, F2, F3
holding HCDI Stock Options 4,379 26 May 2023 Common Stock, no par value 4,379 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.
F2 On May 26, 2022, Mr. Griffin was granted 5,000 shares of common stock pursuant to the 2020 Restricted Stock Plan, whereby 1/3 of the shares of common stock vest on each anniversary until May 26, 2025, contingent on Mr. Griffin's continued employment through each applicable vesting date.
F3 Represents the total number of unvested common stock granted to Mr. Griffin pursuant to the 2020 Restricted Stock Plan.
F4 Mr. Griffin was granted 3,378 stock options with an exercise price of $8.88 on December 31, 2018. These stock options are fully vested and have an expiration date of December 31, 2023, subject to Mr. Griffin continuing to be an employee of the Company. Mr. Griffin was granted 1,000 stock options with an exercise price of $92.40 on October 13, 2020. These stock options are fully vested and have an expiration date of October 13, 2030, subject to Mr. Griffin continuing to be an employee of the Company.