Company: ELSE
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000897101-25-000161
Chunk: 12

Company: ELECTRO SENSORS INC
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 12
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 persons and is determined in accordance with Rule 13d-3 under the Securities Exchange Act of 1934 (the  
 “Exchange Act”), as required for purposes of this Proxy Statement. Accordingly, it includes shares of Common Stock                 
 that are issuable upon the exercise of stock options exercisable within 60 days of February 27, 2025 as noted below.               |

| (2) | Based on a Schedule 13D filed with the SEC on February 14, 2024. Includes 10,000 shares issuable                                
 upon the exercise of stock options exercisable within 60 days of February 27, 2025, 3,500 vested restricted stock units, and 46 
 shares held by the Electro-Sensors, Inc. Employee Stock Ownership Plan (“ESOP”) for the account of Mr. Peterson.                |

| (3) | Based on a Schedule 13D filed with the SEC on February 14, 2024. |

| (4) | Based on a Schedule 13D/A filed with the SEC on February 21, 2024. |

| (5) | Based on a Schedule 13G/A filed with the SEC on February 11, 2025. Includes shares owned by Caldwell                                   
 Sutter Capital, Inc. and Joseph F. Helmer. Mr. Helmer has sole voting power of 26,592 shares, the reporting parties have shared        
 voting power of zero shares, Mr. Helmer has sole dispositive power of 16,928 shares, and the reporting parties have shared dispositive 
 power of 232,097 shares.                                                                                                               |

| (6) | Includes 60,000 shares issuable upon the exercise of stock options exercisable within 60 days of                                    
 February 27, 2025, 7,000 vested restricted stock units, and 3,373 shares held by the Electro-Sensors, Inc. Employee Stock Ownership 
 Plan (“ESOP”) for the account of Mr. Klenk.                                                                                         |

| (7) | Represents 10,000 shares issuable upon the exercise of stock options exercisable within 60 days 
 of February 27, 2025 and 3,500 vested restricted stock units.                                   |

| (8) | Includes 10,000 shares issuable upon the exercise of stock options exercisable within 60 days of 
 February 27, 2025 and 3,500 vested restricted stock units.                                       |

| (9)