Gerald James Benoit Jr - Aug 26, 2021 Form 3 Insider Report for INFORMATION ANALYSIS INC (WAVD)

Role
CEO, Director
Signature
/s/ MATTHEW T SANDS
Stock symbol
WAVD
Transactions as of
Aug 26, 2021
Transactions value $
$0
Form type
3
Date filed
8/30/2021, 02:58 PM
Next filing
Dec 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WAVD Common Stock 750K Aug 26, 2021 Direct F1

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
holding WAVD Warrants (right-to-buy) Aug 26, 2021 Common Stock 750K $3.00 Direct
holding WAVD Options (right-to-buy) Aug 26, 2021 Common Stock 30K $2.80 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Commensurate with appointment as Chairman and CEO, Mr. Benoit purchased 750,000 units in a private placement at $2.00 per unit. One unit equals 1 share common stock and a warrant to purchase 1 additional share common stock at $3.00 per share, expiring August 31, 2026.
F2 Three-year vesting schedule for options began 08/26/2021 and will end on 08/26/2024.