Gerald James Benoit Jr - Dec 10, 2021 Form 4 Insider Report for INFORMATION ANALYSIS INC (WAVD)

Role
CEO, Director, 10%+ Owner
Signature
/s/ Matthew T. Sands
Stock symbol
WAVD
Transactions as of
Dec 10, 2021
Transactions value $
$545,522
Form type
4
Date filed
12/14/2021, 04:23 PM
Previous filing
Aug 30, 2021
Next filing
Jan 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WAVD Common Stock Award $355K +117K +15.55% $3.04* 867K Dec 10, 2021 Direct F1
transaction WAVD Common Stock Award $100K +32.9K +3.8% $3.04* 900K Dec 10, 2021 Direct F2

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 WAVD Warrants (right-to-buy) Award $70.9K +23.3K +2.99% $3.04* 803K Dec 10, 2021 Common Stock 23.3K $4.50 Direct F3
transaction WAVD Warrants (right-to-buy) Award $20K +6.58K +0.82% $3.04* 810K Dec 10, 2021 Common Stock 6.58K $4.50 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Benoit purchased $354,600 of Units in a private placement transaction at $3.04/ Unit, which consisted of 116,645 shares of common stock and Warrants to purchase additional 23,329 shares of common stock. Unit price was based on the Volume Weighted Average Price per share for the five trading days ended December 2, 2021.
F2 Benoit Family Trust purchased $100,000 of Units in a private placement transaction at $3.04/ Unit, which consisted of 32,895 shares of common stock and Warrants to purchase additional 6,579 shares of common stock. Unit price was based on the Volume Weighted Average Price per share for the five trading days ended December 2, 2021.
F3 Warrants to acquire 23,329 shares of common stock reported herein are not exercisable until January 1, 2023.
F4 Warrants to acquire 29,908 shares of common stock reported herein are not exercisable until January 1, 2023.