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Genasys Inc. — Director's Dealing 2023
May 31, 2023
34184_dirs_2023-05-31_a71dc605-de58-4335-9017-942312a03e68.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Genasys Inc. (GNSS)
CIK: 0000924383
Period of Report: 2023-05-26
Reporting Person: Danforth Richard (CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-26 | Common stock | M | 786747 | $1.99 | Acquired | 793247 | Direct |
| 2023-05-26 | Common stock | F | 639820 | $2.77 | Disposed | 153427 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-26 | Stock options | $1.99 | M | 224247 | Disposed | 2023-08-01 | Common stock (224247) | Direct |
| 2023-05-26 | Stock options | $1.99 | M | 562500 | Disposed | 2023-08-01 | Common stock (562500) | Direct |
Footnotes
F1: Grant to reporting person on August 1, 2016 of an option to purchase 375,000 shares. The option vested as to 1/3 of the shares on August 1, 2017 and 1/12 of the shares quarterly thereafter until fully vested.
F2: On August 1, 2016, the reporting person was granted an option to purchase shares of common stock that vested based upon Genasys achieving specified performance targets for its fiscal years ended September 30, 2019 and September 30, 2020. Genasys' performance for fiscal year 2019 resulted in the vesting of options to purchase 187,500 shares and Genasys' performance for fiscal year 2020 resulted in the vesting of options to purchase 375,000 shares.