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

Mar 31, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK: 0000814676
Period of Report: 2021-03-29

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
2021-03-29	Common Stock	S	2971	$11.4118	Disposed	766672	Indirect
2021-03-29	Common Stock	S	2971	$11.4118	Disposed	764610	Indirect
2021-03-30	Common Stock	S	23534	$11.8323	Disposed	743138	Indirect
2021-03-30	Common Stock	S	23535	$11.8323	Disposed	741075	Indirect
2021-03-30	Common Stock	S	500	$12.518	Disposed	742638	Indirect
2021-03-30	Common Stock	S	500	$12.518	Disposed	740575	Indirect

Footnotes

F1: On March 29, 2021, CMS Holdings, L.L.C. ("CMS Holdings") sold 2,971 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 764,612 shares held directly by CMS Holdings and 2,060 shares held directly by SRC Trust.

F3: On March 29, 2021, Peregrine Holdings, LLC ("Peregrine Holdings") sold 2,971 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 764,610 shares held directly by Peregrine Holdings.

F5: On March 30, 2021, CMS Holdings sold 23,534 shares.

F6: Represents 741,078 shares held directly by CMS Holdings and 2,060 shares held directly by SRC Trust.

F7: On March 30, 2021, Peregrine Holdings sold 23,535 shares.

F8: Represents 741,075 shares held directly by Peregrine Holdings.

F9: On March 30, 2021, CMS Holdings sold 500 shares.

F10: Represents 740,578 shares held directly by CMS Holdings and 2,060 shares held directly by SRC Trust.

F11: On March 30, 2021, Peregrine Holdings sold 500 shares.

F12: Represents 740,575 shares held directly by Peregrine Holdings.

F13: 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.