Employees in the Airthings ASA ("the Company") have on November 24 2020
exercised 299 400 options. The options had an average strike price of NOK 1.89.
Each share option corresponds to one share. Pursuant to authorization granted by
the Company's Annual General Meeting, the Company's share capital will be
increased by NOK 2 994 by issuing 299 400 new shares, of par value NOK 0.01.
Following the increase, the Company's share capital is <br />
NOK 1 706 056.37 divided into 170 605 637 shares.<br />
 <br />
Options exercised by primary insiders November 24 2020 are the following:<br />
<br />
Tore Rismyhr has exercised 16 200 options in the Company, corresponding to 16
200 shares at the strike price of NOK 3.36. After exercising options, Tore
Rismyhr holds 43 800 unexercised options in the Company, corresponding to 43 800
shares. The options have a strike price of NOK 3.36.<br />
<br />
After completion of the transaction, the primary insider holds 56 200 shares
privately in the Company.<br />
<br />
<br />
Vigdis Jernberg has exercised 57 600 options in the Company, corresponding to 57
600 shares at the strike price of NOK 0.70. After exercising options, Vigdis
Jernberg holds 25 000 unexercised options in the Company, corresponding to 25
000 shares. The options have a strike price of NOK 0.70.<br />
<br />
After completion of the transaction, the primary insider holds 0 shares
privately in the Company and 91 800 shares through Vigdis Jernberg AS (wholly
owned holding company). In addition, the primary insider holds 8 800 shares
through Amaisal AS (joint company with 30% ownership).<br />
<br />
<br />
Pål Duserud Berntsen has exercised 27 000 options in the Company, corresponding
to 27 000 shares at the strike price of NOK 1.45. After exercising options, Pål
Duserud Berntsen holds 473 000 unexercised options in the Company, corresponding
to 473 000 shares. The options have a strike price of NOK 1.45.<br />
<br />
After completion of the transaction, the primary insider holds a total of 518
200 shares in the Company, divided between 491 200 shares in Airthings ASA
through his wholly owned company, Dube AS, and 27 000 shares privately.<br />
 <br />
<br />
Transfer of rights: <br />
<br />
On 24 November 2020, the primary insider mentioned below transferred the rights
to receive shares resulting from the exercise of options to a third party. The
payment has been determined based on a selling price of NOK 12.7947<br />
<br />
Vigdis Jernberg transferred 57 600 rights. <br />
<br />
<br />
For more information, please contact: <br />
<br />
Erik Lundby, CFO and Head of Investor Relations<br />
Phone: +47 924 00 396<br />
Email: erik.lundby@airthings.com