X0306 4 2019-12-17 0 0000922612 SCHMITT INDUSTRIES INC SMIT 0001758042 Zapata Michael R. 2765 NW NICOLAI STREET PORTLAND OR 97210 0 1 0 0 Chief Executive Officer Common Stock 2019-12-17 4 P 0 123456 3.25 A 474235 I See footnote Common Stock 47777 D Common Stock 2028-12-24 Common Stock 0 18000 D Sententia Capital purchased 123,456 shares in a private transaction on December 17, 2019. Mr. Zapata, as the Managing Member of Sententia Capital, may be deemed the beneficial owner of the 474,235 shares owned by Sententia Capital. Eight tranches of 6,000 RSUs vest if, prior to December 3, 2022, the 15 day trading average closing price of the Company's common stock is greater than or equal to the target price of $2.70, $2.90, $3.10, $3.30, $3.50, $3.70, $3.90, and $4.10. Michael R Zapata 2019-12-19