Schiffman Gregory T. - 02 Dec 2024 Form 4 Insider Report for AYRO, Inc. (AYRO)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
02 Dec 2024, 21:41:27 UTC
Prior SEC filing
03 Aug 2023
Next SEC filing
31 Oct 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Greg Schiffman

Key filing fact

Schiffman Gregory T. filed Form 4 for AYRO, Inc. (AYRO) on 02 Dec 2024.

Key facts

  • This page summarizes Schiffman Gregory T.'s Form 4 filing for AYRO, Inc. (AYRO).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 02 Dec 2024, 21:41.

Change

  • Previous filing in this sequence was filed on 03 Aug 2023.
  • Current net transaction value: $0.

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.

AYRO transaction

Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-3,520
Change %
-13%
Price
$0.000000
Shares after
24,012
Date
02 Dec 2024
Ownership
Direct
Footnotes
F1, F2
AYRO transaction

Common Stock

Award

Transaction value
$0
Shares
+83,388
Change %
+347%
Price
$0.000000
Shares after
107,400
Date
02 Dec 2024
Ownership
Direct
Footnotes
F2, F3, F4

Reported derivative securities

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

AYRO transaction Derivative

Cash-Settled Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
+55,592
Change %
Price
$0.000000
Shares after
55,592
Date
02 Dec 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
Exercise price
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Represents a forfeiture of restricted shares of common stock (the "Forfeited Shares"), par value $0.0001 per share ("Common Stock"), of the Issuer granted to the Reporting Person under the AYRO, Inc. Long-Term Incentive Plan (as amended, the "Plan") in connection with the Reporting Person's service on the Issuer's Board of Directors that vested, but were not issued to the Reporting Person, on November 1, 2023. The Reporting Person received the Director Equity Awards (as defined herein), among other reasons as described herein, in lieu of such Forfeited Shares.

Footnote F2

The securities reported herein have been adjusted for the Company's one-for-eight reverse stock split effected on September 15, 2023.

Footnote F3

Represents a grant of restricted shares of Common Stock issued under the Plan which fully vested on the date of grant (the "Stock Award").

Footnote F4

The securities reported as acquired herein were granted to the Reporting Person by the Issuer in lieu of any other awards previously approved by the Issuer since the beginning of the fourth quarter of the Company's 2023 fiscal year, but were never issued by the Issuer, as an annual award grant to the Reporting Person in connection with the Reporting Person's service on the Issuer's Board of Directors for 2024 and a partial annual award grant for the Reporting Person's service on the Issuer's Board of Directors for the last quarter of 2023.

Footnote F5

Represents a grant of cash-settled restricted stock units ("RSUs" and, together with the Stock Award, the "Director Equity Awards") granted by the Issuer to the Reporting Person. On the date of grant, the RSUs immediately converted into a cash payment equal to the fair market value of the number of shares of Common Stock equal to the same number of RSUs that were granted to the Reporting Person for the purpose of satisfying the Reporting Person's tax obligation with respect to the Director Equity Awards. No securities of the Issuer were issued, acquired or disposed of in connection with the grant of the RSUs.

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