Form 4: Amesite Inc. Director Acquires Deferred Stock Units in Lieu of Cash Compensation

Director Anthony M. Barkett receives 5,381 restricted stock units (RSUs) in Amesite Inc. in lieu of cash compensation for board service.

Summary

• On March 28, 2024, Anthony M. Barkett, a director of Amesite Inc., acquired 5,381 restricted stock units (RSUs).
• 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 of such share.
• 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.
• Following the transaction, Barkett directly owns 37,134 shares of Amesite Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of director compensation, which is generally neutral to slightly positive as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The acquisition of RSUs by a director can be seen as a positive sign, indicating confidence in the company's future performance.
• 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 those of the shareholders.

Comparison to Industry Standards

• Granting stock options and restricted stock units to directors is a common practice among publicly traded companies to incentivize performance and align their interests with shareholders.
• Companies like Coursera and Instructure, which operate in the online education space, also utilize equity-based compensation for their board members.

Stakeholder Impact

• Shareholders may view this as a positive sign, as it aligns the director's interests with the company's long-term success.
• The company benefits from preserving cash by issuing stock units instead of cash compensation.

Key Dates

Keywords

Amesite Inc., AMST, Director, Anthony M. Barkett, Restricted Stock Units, RSU, Deferred Stock Units, Compensation, Beneficial Ownership, Form 4