Form 4: AirJoule Technologies Corp.: Executive Chairman Patrick C. Eilers Reports Changes in Beneficial Ownership

Patrick C. Eilers, Executive Chairman of AirJoule Technologies Corp., reports changes in beneficial ownership, including acquisitions of restricted stock units and performance restricted stock units.

Summary

• Patrick C. Eilers, the Executive Chairman of AirJoule Technologies Corp., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report includes the acquisition of 37,669 restricted stock units and 368,112 performance restricted stock units on February 12, 2025.
• These restricted stock units vest in three equal annual installments starting March 1, 2026.
• The performance restricted stock units are eligible to cliff vest after a three-year performance period ending December 31, 2027, based on the company's average closing stock price achieving certain thresholds.
• Eilers also indirectly owns 1,366,616 shares of Class A Common Stock through the Patrick C. Eilers Revocable Trust and 1,366,616 shares through the Eilers Dynasty Trust.
• Additionally, he indirectly owns warrants to purchase 1,069,711 shares through the Patrick C. Eilers Revocable Trust and 1,069,712 shares through the Eilers Dynasty Trust, exercisable at $11.50, expiring on March 14, 2029.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a regulatory filing detailing changes in ownership, with no inherent positive or negative implications beyond the potential signal of confidence from the executive's stock acquisitions.

Positives

• The acquisition of restricted stock units and performance restricted stock units by the Executive Chairman could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting of restricted stock units and performance restricted stock units is contingent upon future events, including continued employment and the company's stock price performance.

Industry Context

Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the ownership positions of company insiders.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders, as they provide insight into the Executive Chairman's stake in the company.

Key Dates

Keywords

beneficial ownership, Form 4, restricted stock units, performance restricted stock units, warrants, AirJoule Technologies, Eilers, stock, equity