0001493152-24-048365.txt : 20241202 0001493152-24-048365.hdr.sgml : 20241202 20241202214451 ACCESSION NUMBER: 0001493152-24-048365 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20241202 FILED AS OF DATE: 20241202 DATE AS OF CHANGE: 20241202 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: WALKER WAYNE REMELL CENTRAL INDEX KEY: 0001428761 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34643 FILM NUMBER: 241520843 MAIL ADDRESS: STREET 1: 1515 MARKET STREET STREET 2: SUITE 1720 CITY: PHILADELPHIA STATE: PA ZIP: 19103 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AYRO, Inc. CENTRAL INDEX KEY: 0001086745 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] ORGANIZATION NAME: 06 Technology IRS NUMBER: 980204758 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 900 E. OLD SETTLERS BOULEVARD, SUITE 100 CITY: ROUND ROCK STATE: TX ZIP: 78664 BUSINESS PHONE: 512-994-4917 MAIL ADDRESS: STREET 1: 900 E. OLD SETTLERS BOULEVARD, SUITE 100 CITY: ROUND ROCK STATE: TX ZIP: 78664 FORMER COMPANY: FORMER CONFORMED NAME: DropCar, Inc. DATE OF NAME CHANGE: 20180201 FORMER COMPANY: FORMER CONFORMED NAME: WPCS INTERNATIONAL INC DATE OF NAME CHANGE: 20020612 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX STAR VENTURES INC DATE OF NAME CHANGE: 20010424 4 1 ownership.xml X0508 4 2024-12-02 0 0001086745 AYRO, Inc. AYRO 0001428761 WALKER WAYNE REMELL 900 E. OLD SETTLERS BOULEVARD, SUITE 100 ROUND ROCK TX 78664 1 0 0 0 0 Common Stock 2024-12-02 4 D 0 3520 0 D 18405 D Common Stock 2024-12-02 4 A 0 83388 0 A 101793 D Cash-Settled Restricted Stock Units 2024-12-02 4 M 0 55592 0 A Common Stock 55592 D Represents a forfeiture of restricted shares of common stock (the "Forfeited Shares"), par value $0.0001 per share ("Common Stock"), of the Issuer granted to the Reporting Person under the AYRO, Inc. Long-Term Incentive Plan (as amended, the "Plan") in connection with the Reporting Person's service on the Issuer's Board of Directors that vested, but were not issued to the Reporting Person, on November 1, 2023. The Reporting Person received the Director Equity Awards (as defined herein), among other reasons as described herein, in lieu of such Forfeited Shares. The securities reported herein have been adjusted for the Company's one-for-eight reverse stock split effected on September 15, 2023. Represents a grant of restricted shares of Common Stock issued under the Plan which fully vested on the date of grant (the "Stock Award"). The securities reported as acquired herein were granted to the Reporting Person by the Issuer in lieu of any other awards previously approved by the Issuer since the beginning of the fourth quarter of the Company's 2023 fiscal year, but were never issued by the Issuer, as an annual award grant to the Reporting Person in connection with the Reporting Person's service on the Issuer's Board of Directors for 2024 and a partial annual award grant for the Reporting Person's service on the Issuer's Board of Directors for the last quarter of 2023. Represents a grant of cash-settled restricted stock units ("RSUs" and, together with the Stock Award, the "Director Equity Awards") granted by the Issuer to the Reporting Person. On the date of grant, the RSUs immediately converted into a cash payment equal to the fair market value of the number of shares of Common Stock equal to the same number of RSUs that were granted to the Reporting Person for the purpose of satisfying the Reporting Person's tax obligation with respect to the Director Equity Awards. No securities of the Issuer were issued, acquired or disposed of in connection with the grant of the RSUs. /s/ Wayne R. Walker 2024-10-02