Sean Macdonald - 22 Dec 2023 Form 4 Insider Report for Leatt Corp (LEAT)

Reporting relationship: Director
Issuer ticker: LEAT
Reported as of: 22 Dec 2023
Net transaction value: +$710,600
SEC form: 4
Accepted by SEC: 05 Apr 2024, 17:07:19 UTC
Prior SEC filing: 31 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Sean Macdonald

Key filing fact

Sean Macdonald filed Form 4 for Leatt Corp (LEAT) on 05 Apr 2024.

Key facts

This page summarizes Sean Macdonald's Form 4 filing for Leatt Corp (LEAT).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 05 Apr 2024, 17:07.

Change

Previous filing in this sequence was filed on 31 Mar 2023.
Current net transaction value: +$710,600.

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.

LEAT transaction

Common Stock, par value $0.001 per share

Award

Transaction value: $710,600
Shares: +76,000
Change %: +26%
Price: $9.35
Shares after: 363,809
Date: 22 Dec 2023
Ownership: Direct
Footnotes: F1

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

On December 21, 2023, the Issuer's Board of Directors approved the award of 76,000 restricted shares of the Company's common stock to Mr. Macdonald, pursuant to a Restricted Stock Award Agreement, dated December 22, 2023, under the Company's 2011 Plan. On December 22, 2023, 2,875 of the restricted shares vested, an additional 7,500 will vest on December 22, 2024, another 13,125 restricted shares will vest on December 22, 2025, another 15,000 restricted shares will vest on December 22, 2026, another 18,750 restricted shares will vest on December 22, 2027, and the remaining 18,750 restricted shares will vest on December 22, 2028, provided, however, that one hundred percent (100%) of the Reporting Person's nonvested restricted stock will become fully vested in the event of a change of control. The Reporting Person is now the holder of 363,809 shares of the Issuer's common stock.