ParkerVision Director Plans to Repurchase Shares

Rhea-AI Summary

ParkerVision director Paul Rosenbaum announced plans to repurchase shares of the company's stock after selling approximately 100,000 shares for year-end tax purposes. This move aims to restore his holdings, which currently amount to about 2 million shares. Rosenbaum emphasized adherence to insider trading policies, which govern the timing and manner of trading. This development reflects confidence in the company's future and may positively influence investor sentiment.

Positive

• Director plans to repurchase shares, indicating confidence in the company's future.
• Current holdings of approximately 2 million shares suggest significant personal investment.

Negative

• Sale of 100,000 shares raises concerns about liquidity and potential short-term price pressure.

JACKSONVILLE, CA / ACCESSWIRE / December 29, 2021 / ParkerVision, Inc. (OTCQB:PRKR) director Paul Rosenbaum announced today that he plans to purchase shares of ParkerVision common stock to replace shares being sold for 2021 year-end tax purposes.

ParkerVision director Paul Rosenbaum stated, "For personal tax purposes, I expect to sell approximately 100,000 shares of my ParkerVision holdings by year-end 2021. However, I plan to increase my ParkerVision holdings back to previous levels once I am able to do so within ParkerVision's insider trading policy which includes, among other things, limited trading windows and restrictions on open market purchases and sales within a six month period."

Mr. Rosenbaum is beneficial owner of approximately 2 million shares of ParkerVision common stock.

About ParkerVision

ParkerVision, Inc. (OTCQB:PRKR) invents, develops, and licenses cutting edge, proprietary radio-frequency (RF) technologies that enable wireless solution providers to make and sell advanced wireless communication products. For more information, please visit www.parkervision.com.

Safe Harbor Statement
This press release contains forward-looking information. Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made. Such statements are subject to certain risks and uncertainties which are disclosed in the Company's SEC reports, including the Form 10-K for the year ended December 31, 2020 and Forms 10-Q for the quarters ended March 31, June 30, and September 30, 2021. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

Contact:
Cindy French
Chief Financial Officer
cfrench@parkervision.com

Tony Vignieri
Communications Director
tvignieri@parkervision.com

SOURCE: ParkerVision, Inc.

View source version on accesswire.com:
https://www.accesswire.com/680080/ParkerVision-Director-Plans-to-Repurchase-Shares

FAQ

What is Paul Rosenbaum's plan regarding ParkerVision shares?

Paul Rosenbaum plans to repurchase shares after selling approximately 100,000 shares for tax purposes.

How many shares does Paul Rosenbaum currently hold in ParkerVision?

Paul Rosenbaum is a beneficial owner of approximately 2 million shares of ParkerVision common stock.

What does the insider trading policy entail for ParkerVision directors?

The insider trading policy includes limited trading windows and restrictions on open market purchases and sales within a six-month period.

How might Paul Rosenbaum's share repurchase impact ParkerVision's stock price?

The repurchase plan could positively influence investor sentiment, indicating confidence in the company.