Robert D. Dawson - Dec 28, 2022 Form 4 Insider Report for R F INDUSTRIES LTD (RFIL)

Role: President and CEO, Director
Signature: /s/ Robert D. Dawson
Stock symbol: RFIL
Transactions as of: Dec 28, 2022
Transactions value $: $85,500
Form type: 4
Date filed: 12/29/2022, 02:40 PM
Previous filing: Oct 12, 2022
Next filing: Jan 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RFIL	Common Stock	Options Exercise	$85.5K	+45K	+40.65%	$1.90	156K	Dec 28, 2022	Direct

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	RFIL	Stock Option (right to buy)	Options Exercise	$0	-45K	-64.29%	$0.00	25K	Dec 28, 2022	Common Stock	45K	$1.90	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On July 17, 2017, the reporting person was granted an option to purchase 100,000 shares of common stock of the issuer. The option vested as to 10,000 shares on July 17, 2017 with the remaining 90,000 shares to vest in equal installments over the following nine years. On July 16, 2021, the reporting person entered into a new employment agreement with the issuer. Pursuant to such employment agreement, the vesting schedule of the July 17, 2017 option grant was revised, such that 25,000 of the unvested options would vest on July 17, 2022 and the remaining 25,000 unvested options would vest on July 17, 2023.

Content

On July 17, 2017, the reporting person was granted an option to purchase 100,000 shares of common stock of the issuer. The option vested as to 10,000 shares on July 17, 2017 with the remaining 90,000 shares to vest in equal installments over the following nine years. On July 16, 2021, the reporting person entered into a new employment agreement with the issuer. Pursuant to such employment agreement, the vesting schedule of the July 17, 2017 option grant was revised, such that 25,000 of the unvested options would vest on July 17, 2022 and the remaining 25,000 unvested options would vest on July 17, 2023.