Michael R. Zapata - Apr 14, 2022 Form 4 Insider Report for SCHMITT INDUSTRIES INC (SMIT)

Role
Chief Executive Officer, Director
Signature
/s/Michael R Zapata
Stock symbol
SMIT
Transactions as of
Apr 14, 2022
Transactions value $
-$3,000
Form type
4
Date filed
4/18/2022, 05:14 PM
Previous filing
Jan 18, 2022
Next filing
Sep 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMIT Common Stock Award $0 +1.54K +2.38% $0.00 66.2K Apr 14, 2022 Direct F1
transaction SMIT Common Stock Tax liability -$3K -616 -0.93% $4.87* 65.6K Apr 14, 2022 Direct F2
holding SMIT Common Stock 474K Apr 14, 2022 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On the Transaction Date, the Reporting Person was granted the immediately vested shares as compensation for service on the Issuer's board of directors.
F2 Transaction represents the withholding of shares, at the value of $4.87 per share, to satisfy the tax withholding obligations following the grant of 1,541 shares of stock on April 14, 2022.
F3 Mr. Zapata, as the Managing Member of Sententia Capital, may be deemed the beneficial owner of the 474,235 shares owned by Sententia Capital.