Form 4: American Battery Technology Co Director Acquires Shares Through RSU Vesting
SEC Form 4 Filing
Director Sherif Marakby acquired 31,923 shares of American Battery Technology Co through the vesting of Restricted Stock Units (RSUs).
Summary
- On July 19, 2024, Sherif Marakby, a director of American Battery Technology Co, acquired 31,923 shares of common stock.
- The acquisition was a result of the vesting of Restricted Stock Units (RSUs).
- These RSUs were granted under the terms of the Director Agreement dated February 22, 2022, as amended on September 22, 2023.
- Each RSU represents the right to receive one share of American Battery Technology Company common stock upon vesting.
- Following the transaction, Marakby directly owns 81,074 shares through Horizon Tek LLC.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents a standard transaction related to executive compensation. It doesn't inherently indicate positive or negative performance.
Positives
- The vesting of RSUs indicates a continued alignment of the director's interests with those of the company and its shareholders.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency regarding the ownership changes of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| February 22, 2022 | Date of the Director Agreement under which the RSUs were granted. |
| September 22, 2023 | Date of the amendment to the Director Agreement. |
| July 19, 2024 | Date of the transaction (RSU vesting). |
| July 22, 2024 | Date of signature on the Form 4. |
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