Form 4: Airgain CFO Michael Elbaz Reports Changes in Beneficial Ownership

Michael Elbaz, CFO of Airgain Inc., reports transactions involving common stock and stock options, including acquisitions, disposals, and vesting of restricted stock units.

Summary

• On March 15, 2025, Michael Elbaz, the Chief Financial Officer of Airgain Inc., reported changes in his beneficial ownership of the company's securities.
• These changes include the disposal of shares to cover tax obligations related to vesting restricted stock units, as well as the acquisition of additional restricted stock units and stock options.
• Specifically, Elbaz disposed of 1,738 shares, 3,077 shares and 2,671 shares at a price of $4.36 to cover tax obligations.
• He also acquired 6,502, 10,710 and 24,287 restricted stock units at $0.
• Additionally, Elbaz acquired 29,499 stock options with an exercise price of $4.36, vesting incrementally until March 15, 2029.
• Following these transactions, Elbaz directly owns 136,807 shares of common stock and 29,499 stock options.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to executive compensation. The acquisition of shares and options is a slightly positive signal.

Positives

• The acquisition of additional restricted stock units and stock options by the CFO demonstrates his continued investment in the company's future.

Future Outlook

The restricted stock units and stock options vest over several years, contingent on the reporting person's continued service to the issuer.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions reported in the Form 4 filing provide transparency to shareholders regarding the CFO's stake in the company.

Key Dates