Arctis Global LLC - 16 Aug 2023 Form 4 Insider Report for Rekor Systems, Inc. (REKR)

Reporting relationship: 10%+ Owner
Issuer ticker: REKR
Reported as of: 16 Aug 2023
Net transaction value: +$4,256,655
SEC form: 4
Accepted by SEC: 18 Aug 2023, 16:38:00 UTC
Prior SEC filing: 27 Jun 2023
Next SEC filing: 06 Mar 2024
Source filing: View source filing
Reporting owner signature: Tim Davenport

Key filing fact

Arctis Global LLC filed Form 4 for Rekor Systems, Inc. (REKR) on 18 Aug 2023.

Key facts

This page summarizes Arctis Global LLC's Form 4 filing for Rekor Systems, Inc. (REKR).
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 18 Aug 2023, 16:38.

Change

Previous filing in this sequence was filed on 27 Jun 2023.
Current net transaction value: +$4,256,655.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

REKR transaction

Common Stock, $0.0001 par value

Purchase

Transaction value: $402,720
Shares: +150,000
Change %: +1.9%
Price: $2.68
Shares after: 8,157,591
Date: 16 Aug 2023
Ownership: Direct

REKR transaction

Common Stock, $0.0001 par value

Purchase

Transaction value: $443,385
Shares: +150,000
Change %: +1.8%
Price: $2.96
Shares after: 8,307,591
Date: 17 Aug 2023
Ownership: Direct

REKR transaction

Common Stock, $0.0001 par value

Exercise of in-the-money or at-the-money derivative security

Transaction value: $3,099,750
Shares: +1,239,900
Change %: +15%
Price: $2.50
Shares after: 9,547,491
Date: 18 Aug 2023
Ownership: Direct

REKR transaction

Common Stock, $0.0001 par value

Purchase

Transaction value: $310,800
Shares: +100,000
Change %: +1%
Price: $3.11
Shares after: 9,647,491
Date: 18 Aug 2023
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

REKR transaction Derivative

Call Option

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares: -12,399
Change %: -100%
Price
Shares after: 0
Date: 18 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,239,900
Exercise price: $2.50
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The security listed is an exchange-traded option contract. Exchange-traded options are immediately exercisable and remain exercisable until expiration.

Footnote F2

This transaction is to reflect the exercise of the option at the strike price of 2.5 therefore price is not applicable