Richard Schmidtke - 12 Jul 2023 Form 4 Insider Report for Harbor Custom Development, Inc.

Role
Director
Signature
/s/ Richard Schmidtke
Issuer symbol
N/A
Transactions as of
12 Jul 2023
Net transactions value
$0
Form type
4
Filing time
14 Jul 2023, 12:30:15 UTC
Previous filing
10 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HCDI Common Stock, no par value 7,544 12 Jul 2023 Direct

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
holding HCDI Stock Options 1,000 12 Jul 2023 Common Stock, no par value 1,000 $92.40 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Richard Schmidtke is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On October 24, 2020, Mr. Schmidtke was granted 1,000 Incentive Stock Options pursuant to the Company's 2018 Equity Incentive Plan, all of which are vested as of the date of this report. Pursuant to the terms of the grant, Mr. Schmidtke has three months following the date of his departure to exercise his options.

Remarks:

On July 12, 2023, Mr. Schmidtke departed from the Company's board of directors. He is voluntarily filing this Form 4 to indicate that he is no longer subject to Section 16 of the Securities Exchange Act of 1934, as amended.