Form 4: Amesite Inc. Director J. Michael Losh Acquires Restricted Stock Units

Director J. Michael Losh reports acquisition of restricted stock units in Amesite Inc. as deferred compensation.

Summary

• On June 28, 2024, J. Michael Losh, a director of Amesite Inc., acquired 4,833 restricted stock units (RSUs) as deferred compensation for services as a director.
• These RSUs represent a contingent right to receive one share of AMST common stock or its cash equivalent.
• The number of RSUs was calculated based on the closing share price on the last day of the quarter.
• The RSUs or cash equivalent will be issued upon completion of service as a board member or a change in control.
• Following the transaction, Losh indirectly owns 49,704 derivative securities through the J. Michael Losh Irrevocable Qualified Annuity Trust #7.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding director compensation, and does not contain any information that would significantly impact investor sentiment.

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 filing is a routine disclosure related to director compensation in the form of equity, which is a common practice in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects director compensation.

Key Dates

Keywords

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