Limbach Holdings, Inc. — Director's Dealing 2021

Dec 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Limbach Holdings, Inc. (LMB)
CIK: 0001606163
Period of Report: 2021-12-07

Reporting Person: Horowitz Joshua (Director)
Reporting Person: Palm Management (US) LLC (Director)
Reporting Person: Palm Global Small Cap Master Fund LP (Director)
Reporting Person: Palmer Bradley C (Director by Deputization)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-07	Common Stock	P	4711	$7.5938	Acquired	189600	Indirect
2021-12-08	Common Stock	P	25000	$7.8875	Acquired	214600	Indirect
2021-12-09	Common Stock	P	7811	$7.5859	Acquired	222411	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16799	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (2134)	2134	Direct
Restricted Stock Units	$		Common Stock (3200)	3200	Direct

Footnotes

F1: The reported shares are owned directly by Palm Global Small Cap Master Fund LP (the "Fund"). Palm Management (US) LLC ("Palm Management"), as the investment manager of the Fund, may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by the Fund. Due to his positions with the Fund and Palm Management, Mr. Joshua S. Horowitz may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by the Fund. Due to his position with Palm Management, Mr. Bradley C. Palmer may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by the Fund. Messrs. Palmer and Horowitz disclaim beneficial ownership of these shares except to the extent of their respective pecuniary interest therein.

F2: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.58 to $7.60 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F3: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.60 to $7.95 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F4: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.50 to $7.60 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F5: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock. This award of RSUs was granted on April 3, 2020. The award is subject to service-based vesting conditions and vests 36.379134% on each of January 1, 2022 and January 1, 2023, subject to continued service through the applicable vesting date.

F6: Each RSU represents a contingent right to receive one share of the Company's common stock. This award of RSUs was granted on January 1, 2021. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2022, January 1, 2023 and January 1, 2024, subject to continued service through the applicable vesting date.