13D Filing: Philotimo Fund, LP and Data I/O Corp (DAIO)

Page 5 of 7 – SEC Filing

(b) 1. Sole power to vote or direct vote: 314,612
2. Shared power to vote or direct vote: 1,608,282
3. Sole power to dispose or direct the disposition: 314,612
4. Shared power to dispose or direct the disposition: 1,608,282
(c) The transactions in the Shares by Mr. Kanen and Kanen Wealth Management, LLC during the past sixty
days are set forth in Schedule A and are incorporated herein by reference.

Kanen Wealth Management, LLC, in its
role as investment manager to several customer accounts (collectively, the “Accounts”) to which it furnishes investment
advice, and Mr. Kanen, as the managing member of Kanen Wealth Management, LLC, may each be deemed to beneficially own shares
of the Issuer’s Common Stock held in the Accounts.

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