Thomas A. Satterfield Jr. - 17 Aug 2023 Form 4 Insider Report for SAFEGUARD SCIENTIFICS INC (SFES)

Footnote F1

The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.16 to $1.20. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Footnote F2

Includes 100,000 shares held jointly with the reporting person's spouse.

Footnote F3

The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.18 to $1.20. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Footnote F4

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.17 to $1.20. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F5

The reporting person controls the general partner of the partnership that owns the reported securities.

Footnote F6

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.17 to $1.19. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F7

The reporting person has been granted limited powers of attorney to exercise voting and dispositive power with respect to the securities held by the following parties: Satterfield Vintage Investments LP (50,000 shares); the reporting person's father (100,000 shares); the reporting person's sister (16,500 shares); the reporting person's brother-in-law (15,000 shares); the reporting person's second brother-in-law (7,500 shares); the reporting person's daughter (2,000 shares); a trust for the reporting person's granddaughter (2,500 shares); a trust for the reporting person's second granddaughter (1,000 shares); Riachuello Ranch LLC (1,000 shares); the reporting person's step-sister (4,000 shares); the reporting person's second step-sister (2,000 shares);

Footnote F8

(Continued from footnote 7) and the reporting person's third step-sister and spouse (16,000 shares). The reporting person's prior power of attorney over the 31,555 shares held by his brother was terminated. The reporting person's limited powers of attorney over the 40,555 shares for the reporting person's step-brother and his spouse, which were held via a limited partnership, remained in place; however, the shares were transferred directly to his step-brother and spouse from the limited partnership and no longer fall under the scope of the power of attorney.

Footnote F9

The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.17 to $1.18. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Footnote F10

Includes 125,000 shares held jointly with the reporting person's spouse.