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

Director Gilbert S. Omenn acquired 4,898 restricted stock units (RSUs) in Amesite Inc. in lieu of cash compensation for board service.

Summary

• On September 30, 2024, Gilbert S. Omenn, a director of Amesite Inc., acquired 4,898 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 upon completion of service as a board member or a change in control.
• Following the transaction, Omenn indirectly owns 46,032 securities through the Gilbert S. Omenn Revocable Trust.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to director compensation. It's neutral in tone and doesn't indicate any significant positive or negative developments for the company.

Positives

• The acquisition of RSUs by a director can be seen as a positive sign, indicating confidence in the company's future.
• 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 or restricted stock units to directors is a common practice among publicly traded companies.
• Companies like Coursera and Instructure also use equity-based compensation for their board members.
• The specific amount and vesting schedule vary depending on the company's size, industry, and compensation policies.

Stakeholder Impact

• Shareholders may view this as a positive sign, aligning the director's interests with the company's long-term success.
• Employees are not directly impacted by this transaction.

Key Dates

Keywords

Amesite Inc., AMST, Gilbert S. Omenn, Director, Restricted Stock Units, RSU, Deferred Stock Units, Compensation, Beneficial Ownership, Form 4