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Rekor Systems, Inc. — Director's Dealing 2024
Jun 26, 2024
33647_dirs_2024-06-26_be32b580-b850-4d25-9853-0ace2b6d4623.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Rekor Systems, Inc. (REKR)
CIK: 0001697851
Period of Report: 2024-06-18
Reporting Person: BERMAN ROBERT ALAN (Director, Executive Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-20 | Common Stock | O | 700000 | $1.40 | Acquired | 1865104 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-18 | Warrants (right to buy) | $2.00 | G | 1000000 | Disposed | 2028-01-18 | Common Stock (1000000) | Direct |
| 2024-06-18 | Warrants (right to buy) | $2.00 | G | 1000000 | Acquired | 2028-01-18 | Common Stock (1000000) | Indirect |
| 2024-06-20 | Warrants (right to buy) | $1.40 | O | 700000 | Disposed | 2028-01-18 | Common Stock (700000) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1385219 | Direct |
Footnotes
F1: The reporting person is the general partner of Avon Road Partners, L.P.
F2: The reporting person transferred these warrants to Avon Road Partners, L.P., a limited partnership of which the reporting person is the general partner.
F3: On June 20, 2024, the Issuer and the Avon Road Partners, L.P. entered into a Warrant Exercise Agreement (the "Agreement") pursuant to which the exercise price of the warrants originally issued to the reporting person on January 18, 2023 (the "Warrants"), and subsequently transferred by the reporting person to Avon Road Partners, L.P. on June 18, 2024, was reduced from $2.00 to $1.40, with a concomitant reduction in the number of shares into which the Warrants are exercisable, from 1,000,000 to 700,000.