Michael Blechman - May 17, 2024 Form 4 Insider Report for SCIENTIFIC INDUSTRIES INC (scnd)

Role
Director
Signature
Michael Blechman
Stock symbol
scnd
Transactions as of
May 17, 2024
Transactions value $
$0
Form type
4
Date filed
6/27/2024, 10:44 AM
Previous filing
Apr 26, 2024
Next filing
Aug 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 scnd Options to Purchase Common Stock Award $0 +25K $0.00 25K May 17, 2024 Common Stock 25K $1.75 Direct F1
transaction scnd Options to Purchase Common Stock Award +7.19K +28.74% 32.2K May 17, 2024 Common Stock 7.19K $2.50 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options vest in three successive equal installments from 5/17/24 as to 1/3 on each of the first, second, and third anniversaries.
F2 On May 17, 2024 the Reporting Person and the Issuer entered into an agreement to elect to be paid part of his fees in lieu of cash compensation. These options vest in twelve monthly installments commencing on May 17, 2024 through May 17, 2025.