FORM 4
[X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * REESE STANLEY ARTHUR 2. Issuer Name and Ticker or Trading Symbol WAVEDANCER, INC. [ WAVD ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
_____ Officer (give title below)    __X__ Other (specify below)
President-Tellenger Subsidiary
(Last)          (First)          (Middle)
C/O WAVEDANCER, INC., 12015 LEE JACKSON MEMORIAL HWY STE 210
3. Date of Earliest Transaction (MM/DD/YYYY)
7/15/2022
(Street)
FAIRFAX, VA 22033
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  7/15/2022    X(3)    100000  A $0.35  142565  D   
Common Stock  7/15/2022    D    30435  D $1.15  142565  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options (Right-to-Buy)  $0.35  7/15/2022    X        100000    (2) 7/17/2022  Common Stock  100000   (1) 410000  D   

Explanation of Responses:
(1)  Per Instruction 4.(c)(iii), since the transaction is the exercise of a derivative security, coulumn 8 is left blank and the exercise price is reported in column 2.
(2)  Optons for 50,000 shares became exercisable on January 17, 2018, and options for 50,000 shares became exercisable on July 17, 2018.
(3)  Exercise of options for 100,000 shares at an exercise price of $0.35 per share. Proceeds for the exercise paid by tendering 30,435 shares of WAVD common stock to the Company at the July 15, 2022 closing price of $1.15 per share in accordance with the 2016 Stock Incentive Plan under which the options were issued.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
REESE STANLEY ARTHUR
C/O WAVEDANCER, INC.
12015 LEE JACKSON MEMORIAL HWY STE 210
FAIRFAX, VA 22033



President-Tellenger Subsidiary

Signatures
/s/ Matthew T. Sands, Atty-in-fact 7/19/2022
**Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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