CPS TECHNOLOGIES CORP/DE/ — Director's Dealing 2021

Mar 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK: 0000814676
Period of Report: 2021-03-24

Reporting Person: Peregrine Financial Corp (10% Owner)
Reporting Person: Peregrine Trust Company, LLC (10% Owner)
Reporting Person: Peregrine Holdings LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-24	Common Stock	S	17166	$13.3285	Disposed	790671	Indirect
2021-03-24	Common Stock	S	17166	$13.3285	Disposed	788610	Indirect
2021-03-25	Common Stock	S	21028	$12.2419	Disposed	769643	Indirect
2021-03-25	Common Stock	S	21029	$12.2419	Disposed	767581	Indirect

Footnotes

F1: On March 24, 2021, CMS Holdings, L.L.C. ("CMS Holdings") sold 17,166 shares. Peregrine Financial Corporation ("PFC") provides administrative support services to Peregrine Trust Company, LLC ("PTC"), which is the trustee of MSC Trust (Trust u/w dtd 12/12/96 Michael S. Currier (Art 8th) fbo Karin A. Griscom) ("MSC Trust") and Stephen R. Currier Continuing Trust Under Article Seventh of the Last Will and Testament of Michael S. Currier fbo Ailsa Christina Griscom Currier and her descendants ("SRC Trust"). CMS Holdings is wholly owned by MSC Trust. For its services, PFC receives a fixed fee not based on the performance of the shares, which fee is exempt pursuant to Rule 16a-1(a)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and therefore has no pecuniary interest in the shares.

F2: Represents 788,611 shares held directly by CMS Holdings and 2,060 shares held directly by SRC Trust.

F3: On March 24, 2021, Peregrine Holdings, LLC ("Peregrine Holdings") sold 17,166 shares. PFC provides administrative support services to Peregrine Holdings and for its services receives a fixed fee not based on the performance of the shares, which fee is exempt pursuant to Rule 16a-1(a)(2) of the Exchange Act, and therefore has no pecuniary interest in the shares.

F4: Represents 788,610 shares held directly by Peregrine Holdings.

F5: On March 25, 2021, CMS Holdings sold 21,028 shares.

F6: Represents 767,583 shares held directly by CMS Holdings and 2,060 shares held directly by SRC Trust.

F7: On March 25, 2021, Peregrine Holdings sold 21,029 shares.

F8: Represents 767,581 shares held directly by Peregrine Holdings.

F9: The reporting persons disclaim that they may be deemed to be acting in a "group" as that term is used in Rule 13d-5 of the Exchange Act.