Professional Diversity Network, Inc. — Director's Dealing 2023

Jul 31, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Professional Diversity Network, Inc. (IPDN)
CIK: 0001546296
Period of Report: 2023-07-19

Reporting Person: He Xin (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-19	Common Stock	A	13289	—	Acquired	200938	Direct
2023-07-19	Common Stock	A	40000	—	Acquired	240938	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-19	Restricted Stock Units	$0	A	80000	Acquired		Common Stock (80000)	Direct

Footnotes

F1: Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.

F2: On July 18, 2023, the Company granted an award of 120,000 shares of Restricted Stock Units to Mr. He in connection with the execution of an employment agreement between the Company and Mr. He. The Restricted Stock Units issued to the executive will vest in accordance with the following schedule: (i) 40,000 shares underlying the Restricted Stock Units were vested on July 19, 2023, (ii) 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2024, and (iii) 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2025.

F3: Includes an option to acquire 15,000 shares of the Issuer's Common Stock that was issued to Mr. He prior to the reported transactions.

F4: Mr. He received 13,289 shares as bonus compensation on July 19, 2023.