Andrew D.C. LaFrence - Dec 4, 2023 Form 4 Insider Report for NORTECH SYSTEMS INC (NSYS)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Andrew D.C. LaFrence
Stock symbol
NSYS
Transactions as of
Dec 4, 2023
Transactions value $
$361,600
Form type
4
Date filed
12/5/2023, 05:22 PM
Previous filing
Dec 5, 2023

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 NSYS Options Award $362K +40K $9.04 40K Dec 4, 2023 Common Stock 40K $9.04 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 40,000 Options granted on December 4, 2023, vesting in equal installments of 8,000 Options on each of December 4, 2024, December 4, 2025, December 4, 2026, December 4, 2027 and December 4, 2028.