RigNet (RNET) executive Traupman acquired 4,155 shares

Insider transactions reported

Edward Traupman (executive at RigNet, Inc., RNET) reported that they acquired 4,155 shares, and gave up 1,234 shares at $9.53 to cover taxes or an exercise price between Mar 19, 2021 and Mar 20, 2021. After these transactions the filing shows 40,196 shares held directly.

Reporting person

Traupman Edward

Options and other derivatives

Holdings before and after

• Common Stock: 37,275 to 40,196 direct
• Restricted Stock Unit: 6,408 to 2,253 direct

Footnotes from the filing

1. 1. These shares were withheld solely for the purpose of paying taxes due upon the vesting of shares from restricted stock units that were granted to the Reporting Person.
2. 2. Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
3. 3. On March 15, 2017, the reporting person was granted 4,297 restricted stock units, of which 1/4 of the shares subject to the restricted stock units vested on March 19, 2018. The common stock into which such vested restricted stock units converted on March 19, 2020 is reported on Table 1 on this Form 4. The remaining unvested restricted stock units will continue to vest in equal annual installments until fully vested on March 19, 2021.

Transaction codes in this filing

Exercise or conversion of a derivative:

Code M marks the exercise or conversion of an option or other derivative under an exempt plan.

Shares withheld for taxes or exercise price:

Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.

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