Form 4 for REKR Rekor Systems, Inc.
Accepted 2024-06-26 00:00:00 ET · period of report 2024-06-18 · accession 0001062993-24-013068 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2024-06-26 | 2024-06-20 | REKR | BERMAN ROBERT ALAN | Executive COB, Dir | O - OTM Ex | $1.40 | +700.0K | 1.87M | +60% | +$980.0K |
| DI | 2024-06-26 | 2024-06-18 | REKR | BERMAN ROBERT ALAN | Executive COB, Dir | G - Gift | $0.00 | +1.00M | 1.00M | New | $0 |
| D | 2024-06-26 | 2024-06-18 | REKR | BERMAN ROBERT ALAN | Executive COB, Dir | G - Gift | $0.00 | -1.00M | 0 | -100% | $0 |
| DI | 2024-06-26 | 2024-06-20 | REKR | BERMAN ROBERT ALAN | Executive COB, Dir | O - OTM Ex | $0.00 | -700.0K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-06-20 | O | A | 700,000 | $1.40 | 1,865,104 | I By Avon Road Partners, L.P. | — | — | (F1) The reporting person is the general partner of Avon Road Partners, L.P. |
| 2 | Derivative | Warrants (right to buy) | 2024-06-18 | G | A | 1,000,000 | $0.00 | 1,000,000 | I By Avon Road Partners, L.P. | $2.00 · 2023-01-18 to 2028-01-18 | 1,000,000 Common Stock | (F1) The reporting person is the general partner of Avon Road Partners, L.P. |
| 3 | Derivative | Warrants (right to buy) | 2024-06-18 | G | D | 1,000,000 | $0.00 | 0 | D By Avon Road Partners, L.P. | $2.00 · 2023-01-18 to 2028-01-18 | 1,000,000 Common Stock | (F1) The reporting person is the general partner of Avon Road Partners, L.P. |
| 4 | Derivative | Warrants (right to buy) | 2024-06-20 | O | D | 700,000 | $0.00 | 0 | I | $1.40 · 2023-01-18 to 2028-01-18 | 700,000 Common Stock | (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. |