4//SEC Filing
McCarthy James K 4
Accession 0001209191-20-045121
CIK 0001697851other
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 4:35 PM ET
Size
5.5 KB
Accession
0001209191-20-045121
Insider Transaction Report
Form 4
McCarthy James K
DirectorChief Strategy Officer
Transactions
- Sale
Common Stock
2020-08-05$2.57/sh−2,725,836$7,005,399→ 0 total
Footnotes (1)
- [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.
Documents
Issuer
Rekor Systems, Inc.
CIK 0001697851
Entity typeother
Related Parties
1- filerCIK 0001711644
Filing Metadata
- Form type
- 4
- Filed
- Aug 4, 8:00 PM ET
- Accepted
- Aug 5, 4:35 PM ET
- Size
- 5.5 KB