Mark Ruport - Aug 9, 2022 Form 4 Insider Report for SIGMA LABS, INC. (SASI)

Role: Director
Signature: /s/ Mark Ruport
Stock symbol: SASI
Transactions as of: Aug 9, 2022
Transactions value $: $11,121
Form type: 4
Date filed: 8/11/2022, 09:00 PM
Previous filing: Jul 6, 2022
Next filing: Nov 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SASI	Common Stock	Purchase	$11.1K	+10K	+38.51%	$1.11	36K	Aug 9, 2022	Direct
holding	SASI	Common Stock						5K	Aug 9, 2022	By Mark K Ruport Revocable Trust DTD 7/16/2015

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	SASI	Stock Option (right to buy)	Award	$0	+5.87K		$0.00	5.87K	Aug 9, 2022	Common Stock	5.87K	$2.50	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The option grant was previously approved by a committee of the Issuer's Board of Directors, subject to stockholder approval of an amendment to the Issuer's equity incentive plan under which the option was granted. The Issuer's stockholders approved the amendment on August 9, 2022.
F2	The stock option vests as follows: (i) 1,469 shares subject to the option vested on the date of grant, and (ii) the remaining 4,405 shares will vest in equal (as nearly as possible) monthly installments over the succeeding 36 months, subject, in each case, to the Reporting Person remaining an employee of the Issuer on the applicable vesting date.