Michael Wang - Sep 4, 2023 Form 4 Insider Report for Ispire Technology Inc. (ISPR)

Role: Co-Chief Executive Officer
Signature: /s/ Michael Wang
Stock symbol: ISPR
Transactions as of: Sep 4, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/6/2023, 09:20 PM
Previous filing: Apr 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ISPR	Restricted Stock Units	Award		+283K	+24.74%		1.43M	Sep 4, 2023	Direct	F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ISPR	Common Stock Options (Right to buy)	Award	$0	+1M		$0.00	1M	Sep 4, 2023	Common Stock	1M	$9.76	Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	RSUs vest over three years as follows: 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant, and 1/3 on the third anniversary of the date of grant.
F2	Each restricted stock unit ("RSU") represents the right to receive one share of Common Stock upon vesting.
F3	The amount reported includes (i) 1,000,000 shares of Common Stock owned by the Reporting Person and held by Peak Group LLC where the Reporting Person has sole voting and dispositive power over the shares of common stock owned by Peak Group LLC and (ii) 142,857 share of Common Stock purchased by the Reporting Person in connection with the Issuer's initial public offerings which priced on April 3, 2023 and closed on April 6, 2023.
F4	Each option represents the right to purchase one share of Common Stock at the exercise price.
F5	Common Stock Options vest over four years as follows: 1/4 on the first anniversary of the date of grant with the remaining 3/4 vesting in equal installment of 2.083% each month thereafter.