AIRGAIN INC — Director's Dealing 2023

Mar 18, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIRGAIN INC (AIRG)
CIK: 0001272842
Period of Report: 2023-03-15

Reporting Person: SUEN JACOB (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-15	Common Stock	A	104009	$0.00	Acquired	216093	Direct
2023-03-15	Common Stock	F	32753	$5.07	Disposed	183340	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-15	Stock Option (Right to Buy)	$5.07	A	41800	Acquired	2033-03-14	Common Stock (41800)	Direct

Footnotes

F1: Represents restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's common stock. 62,209 of the RSUs are fully vested and granted in lieu of cash payment of an annual bonus. 41,800 of the RSUs shall vest in substantially equal installments on each of March 15, 2024; March 15, 2025; March 15, 2026; and March 15, 2027, subject to the Reporting Person's continued service to the Issuer through each such vesting date. The RSUs may accelerate under certain conditions pursuant to the Reporting Person's employment agreement.

F2: Includes RSUs.

F3: Represents RSUs surrendered via a net settlement to satisfy tax withholding and remittance obligations in connection with the vesting of RSUs.

F4: The option is exercisable as it vests. 25% of the shares subject to the option vest on February 1, 2024, and 1/48th of the total number of shares subject to the option vest monthly thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date. The option may accelerate under certain conditions pursuant to the Reporting Person's employment agreement.