4/A: Airship AI Director Louis Lebedin Amends Form 4 Filing to Reflect Vesting Schedule Change for Stock Options
SEC Filing (Form 4/A)
Louis Lebedin, a director at Airship AI Holdings, Inc., filed an amendment to his Form 4 to update the vesting schedule for non-qualified stock options.
Summary
- Louis Lebedin, a director of Airship AI Holdings, Inc., filed an amended Form 4 with the SEC.
- The amendment, filed on April 2, 2024, revises the vesting schedule for non-qualified stock options (NQSO) previously granted.
- The NQSO, granted on March 4, 2024, have an exercise price of $1.65.
- The total number of options granted is 200,000, vesting over a four-year period quarterly.
- Each quarter 12,500 options vest on March 31st, June 30th, September 30th, and December 31st.
- Following the transaction, Lebedin directly owns 200,000 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock option vesting, which has a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders (directors, officers, and 10% owners) to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The change in vesting schedule could impact the director's motivation and alignment with shareholder interests over the vesting period.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of earliest transaction (grant date of stock options) |
| 03/06/2024 | Date of original filing |
| 03/31/2024 | First quarterly vesting date for 12,500 options |
| 06/30/2024 | Second quarterly vesting date for 12,500 options |
| 09/30/2024 | Third quarterly vesting date for 12,500 options |
| 12/31/2024 | Fourth quarterly vesting date for 12,500 options |
| 03/03/2029 | Expiration date of the non-qualified stock options |
| 04/02/2024 | Date of Form 4/A filing (amendment) |
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