Rekor Systems, Inc. — Director's Dealing 2020

Aug 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Rekor Systems, Inc. (REKR)
CIK: 0001697851
Period of Report: 2020-08-05

Reporting Person: McCarthy James K (Director, Chief Strategy Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-05	Common Stock	S	2725836	$2.57	Disposed	0	Direct

Footnotes

F1: On August 5, 2020, Mr. James K. McCarthy entered into a privately negotiated Stock Purchase Agreement (the "SPA") with Mr. Robert A. Berman, the current CEO, President, and Executive Chairman of Rekor Systems, Inc. (the "Company"), to sell to Mr. Berman 2,725,836 shares of Common Stock of the Company held by Mr. McCarthy, at a price per share of approximately $2.57. The closing of the transaction is conditioned upon Mr. Berman's payment of: (i) $200,000 no later than two business days from the date of the SPA; and (ii) $6,800,000 no later than forty-five days from the date of the SPA (the "Purchase Price"). Upon payment of the Purchase Price, Mr. McCarthy shall transfer ownership of the Common Stock to Mr. Berman.