X0206 3 2022-05-13 0 0000740664 R F INDUSTRIES LTD RFIL 0001930032 Bibisi Ray Michael 7610 MIRAMAR RD BLDG 6000 SAN DIEGO CA 92126 0 1 0 0 Chief Operating Officer Common Stock 12111 D Stock Option (right to buy) 6.74 2030-01-05 Common Stock 50000 D Stock Option (right to buy) 6.4 2030-01-08 Common Stock 10000 D Stock Option (right to buy) 4.98 2031-01-11 Common Stock 7500 D Stock Option (right to buy) 7.11 2032-01-09 Common Stock 8000 D The options vested 10,000 on the date of grant (01/06/2020), and the balance vests as to 10,000 shares per year thereafter on each of the next four anniversaries of the grant date. The options vest over four years as follows: (i) one-quarter of the options vested on January 9, 2021; and (ii) the remaining options shall vest in twelve equal quarterly installments over the next three years, commencing with the first quarter following January 9, 2021. The options vest over four years as follows: (i) one-quarter of the options vested on January 12, 2022; and (ii) the remaining options shall vest in twelve equal quarterly installments over the next three years, commencing with the first quarter following January 12, 2022. The options vest over four years as follows: (i) one-quarter of the options shall vest on January 10, 2023; and (ii) the remaining options shall vest in twelve equal quarterly installments over the next three years, commencing with the first quarter following January 10, 2023. /s/ Ray Michael Bibisi 2022-05-23