AgEagle Aerial Systems Inc. — Director's Dealing 2021

Oct 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AgEagle Aerial Systems Inc. (UAVS)
CIK: 0000008504
Period of Report: 2020-12-26

Reporting Person: Fernandez-McGovern Nicole M. (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-19	Common Stock, par value $0.001	M	26500	$0.06	Acquired	96500	Direct
2021-01-19	Common Stock, par value $0.001	S	26500	$10.749	Disposed	70000	Direct
2021-02-17	Common Stock, par value $0.001	M	26500	$0.06	Acquired	96500	Direct
2021-02-17	Common Stock, par value $0.001	S	26500	$14.328	Disposed	70000	Direct
2021-03-05	Common Stock, par value $0.001	A	10000	—	Acquired	80000	Direct
2021-03-17	Common Stock, par value $0.001	M	26500	$0.06	Acquired	106500	Direct
2021-03-17	Common Stock, par value $0.001	S	26500	$7.147	Disposed	80000	Direct
2021-04-19	Common Stock, par value $0.001	A	125000	—	Acquired	205000	Direct
2021-04-19	Common Stock, par value $0.001	M	26500	$0.06	Acquired	231500	Direct
2021-04-19	Common Stock, par value $0.001	S	26500	$5.014	Disposed	205000	Direct
2021-05-04	Common Stock, par value $0.001	A	111250	—	Acquired	316250	Direct
2021-05-17	Common Stock, par value $0.001	M	9533	$0.06	Acquired	325783	Direct
2021-05-17	Common Stock, par value $0.001	S	9533	$4.314	Disposed	316250	Direct
2021-05-17	Common Stock, par value $0.001	S	16967	$4.314	Disposed	299283	Direct
2021-06-17	Common Stock, par value $0.001	S	26500	$5.35	Disposed	272783	Direct
2021-06-30	Common Stock, par value $0.001	S	26533	$5.354	Disposed	246250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-30	Options to purchase common stock, par value $0.001per share	$3.01	A	25000	Acquired	2026-09-29	Common Stock (25000)	Direct
2021-06-30	Options to purchase common stock, par value $0.001per share	$5.27	A	25000	Acquired	2026-06-29	Common Stock (25000)	Direct
2021-05-17	Options to purchase common stock, par value $0.001per share	$0.06	M	9533	Disposed	2027-10-02	Common Stock (9533)	Direct
2021-04-19	Options to purchase common stock, par value $0.001per share	$0.06	M	26500	Disposed	2027-10-02	Common Stock (26500)	Direct
2021-03-31	Options to purchase common stock, par value $0.001per share	$6.26	A	15000	Acquired	2026-03-30	Common Stock (15000)	Direct
2021-03-17	Options to purchase common stock, par value $0.001per share	$0.06	M	26500	Disposed	2027-10-02	Common Stock (26500)	Direct
2021-02-17	Options to purchase common stock, par value $0.001per share	$0.06	M	26500	Disposed	2027-10-02	Common Stock (26500)	Direct
2021-01-19	Options to purchase common stock, par value $0.001per share	$0.06	M	26500	Disposed	2027-10-02	Common Stock (26500)	Direct
2020-12-31	Options to purchase common stock, par value $0.001per share	$6.00	A	15000	Acquired	2025-12-30	Common Stock (15000)	Direct
2020-12-21	Options to purchase common stock, par value $0.001per share	$5.20	A	125000	Acquired	2025-12-20	Common Stock (125000)	Direct

Footnotes

F1: The stock option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 08/03/2020.

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 08/03/2020.

F3: The options become exercisable and vest in equal monthly installments over a two-year period commencing on the Transaction Date.

F4: The options and restricted stock units were issued as incentive compensation for services under the Company's 2017 Omnibus Equity Incentive Plan.

F5: Aggregate number of stock options beneficially owned as of the Transaction Date irrespective of exercise price and expiration date.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.70 to $10.80.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.25 to $14.47.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.11 to $7.20.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.05.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.29 to $4.33.

F11: Reflects vested restricted stock units. The restricted stock units were performance based awards granted as a part of the Company's 2019 Bonus Plan under the 2017 Omnibus Equity Incentive Plan.

F12: Reflects restricted stock units that vest monthly over a one-year period.