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

Director J. Michael Losh receives 6,502 restricted stock units (RSUs) from Amesite Inc. in lieu of cash compensation for board service.

Summary

• On March 28, 2024, J. Michael Losh, a director of Amesite Inc., received 6,502 restricted stock units (RSUs) as deferred stock units.
• These RSUs were issued in lieu of cash compensation for services as a director.
• The number of RSUs 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 its cash equivalent.
• The deferred stock units or cash equivalent will be issued upon completion of service as a board member or, if earlier, a change in control.
• Following the transaction, J. Michael Losh indirectly owns 44,871 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing compensation. It is neutral in 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 Form 4 filing is a routine disclosure related to insider transactions and compensation practices, common among publicly traded companies. It provides transparency into the equity-based compensation of Amesite's directors.

Stakeholder Impact

• Shareholders may be interested in the compensation structure for board members.
• The transaction has a minor dilutive effect on existing shareholders.

Key Dates

Keywords

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