Linda L. Singh - Jul 1, 2022 Form 4 Insider Report for WAVEDANCER, INC. (WAVD)

Role
Director
Signature
/s/ Matthew T. Sands, Atty-in-fact
Stock symbol
WAVD
Transactions as of
Jul 1, 2022
Transactions value $
$65,000
Form type
4
Date filed
7/6/2022, 05:30 PM
Previous filing
Apr 28, 2022
Next filing
Nov 23, 2022

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 Options (Right-to-Buy) Award $65K +50K $1.30 50K Jul 1, 2022 Common Stock 50K $1.30 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-half of awarded shares vest each year over two years. 25,000 shares are exercisable on 07/01/2023 and an additional 25,000 shares are exercisable on 07/01/2024. For a director who has not resigned from the Board and who has not been renominated to serve as a director other than as a result of any allegation of misconduct involving such director in reference to the Company or otherwise, all Non-Vested Options which such director holds shall become vested upon the expiration of such director's term and the Options shall remain exercisable until such Options would otherwise expire.
F2 Granted pursuant to and in accordance with the WaveDancer 2021 Stock Incentive Plan.