Rene Moline - 10 Feb 2022 Form 4 Insider Report for PAE Inc

Role: President, NSS
Signature: /s/ Paul W. Cobb, Jr., as attorney-in-fact for Rene Moline
Issuer symbol: N/A
Transactions as of: 10 Feb 2022
Net transactions value: -$123,562
Form type: 4
Filing time: 14 Feb 2022, 15:52:31 UTC
Next filing: 16 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAE	Class A Common Stock	Options Exercise		+35,519	+59%		95,475	10 Feb 2022	Direct	F1
transaction	PAE	Class A Common Stock	Tax liability	$112,679	-11,223	-12%	$10.04	84,252	10 Feb 2022	Direct
transaction	PAE	Class A Common Stock	Options Exercise		+3,060	+3.6%		87,312	10 Feb 2022	Direct	F1
transaction	PAE	Class A Common Stock	Tax liability	$10,883	-1,084	-1.2%	$10.04	86,228	10 Feb 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PAE	Restricted Stock Units	Options Exercise		-35,519	-100%		0	10 Feb 2022	Class A Common Stock	35,519		Direct	F2, F3
transaction	PAE	Restricted Stock Units	Options Exercise		-3,060	-33%		6,120	10 Feb 2022	Class A Common Stock	3,060		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F2	Each restricted stock unit represents a contingent right to receive one share of PAE Incorporated's Class A Common Stock.
F3	Restricted Stock Units vested on February 10, 2022
F4	The restricted stock units vest in four equal annual installments beginning February 10, 2021.