Form 4: Amesite Director J. Michael Losh Acquires Deferred Stock Units in Lieu of Cash Compensation

Director J. Michael Losh acquired 5,918 restricted stock units (RSUs) in Amesite Inc. in lieu of cash compensation for board service.

Summary

• J. Michael Losh, a director of Amesite Inc., acquired 5,918 restricted stock units (RSUs) on September 30, 2024.
• These RSUs were issued as deferred stock units in lieu of cash compensation for services as a director.
• The number of deferred stock units was calculated based on the closing share price on the last day of the quarter.
• Each RSU represents a contingent right to receive one share of AMST common stock or the cash equivalent.
• The RSUs or cash equivalent will be issued upon completion of service as a board member or a change in control.
• Following the transaction, Mr. Losh indirectly owns 55,622 securities through the J. Michael Losh Irrevocable Qualified Annuity Trust #7.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice, indicating alignment between management and shareholders.

Positives

• The acquisition of RSUs by a director demonstrates alignment with the company's long-term success.
• Using stock units in lieu of cash preserves cash for the company.

Future Outlook

The deferred stock units or cash equivalent will be issued to the reporting person upon completion of service as a member of the board of directors or, if earlier, a change in control.

Industry Context

This is a standard practice for compensating board members, aligning their interests with shareholders.

Stakeholder Impact

• The transaction aligns the director's interests with those of the shareholders.
• Using stock units in lieu of cash preserves cash for the company, potentially benefiting shareholders and other stakeholders.

Key Dates

Keywords

Amesite, AMST, Director, J. Michael Losh, Restricted Stock Units, RSU, Deferred Stock Units, Compensation, Beneficial Ownership, Form 4