Form 4: Amesite Inc. Director Richard Ogawa Receives Deferred Stock Units in Lieu of Cash Compensation

Director Richard Ogawa receives 4,898 restricted stock units (RSUs) from Amesite Inc. in lieu of cash compensation for board service.

Summary

• Richard Ogawa, a director of Amesite Inc. (AMST), received 4,898 restricted stock units (RSUs) on September 30, 2024.
• These RSUs were issued as deferred stock units in lieu of cash compensation for his services as a director.
• The number of RSUs was calculated based on the closing share price of AMST 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 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 this transaction, Ogawa beneficially owns 46,032 securities.

Sentiment

Score: 6

Explanation: The document itself is neutral, reporting a standard compensation transaction. The sentiment is slightly positive as it reflects continued director engagement.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• Using stock in lieu of cash can preserve the company's cash reserves.

Risks

• The value of the RSUs is tied to the performance of AMST stock, which can be volatile.
• A change in control could trigger the payout of the RSUs, potentially creating a cash obligation for the company.

Future Outlook

The document does not contain specific forward-looking statements, but the RSUs will be settled upon completion of board service or a change in control.

Industry Context

Granting stock-based compensation to directors is a common practice to align their interests with shareholders and conserve cash, especially for growth-stage companies.

Comparison to Industry Standards

• Stock-based compensation for board members is a common practice across various industries, particularly in technology and growth-oriented companies.
• Companies like Coursera and 2U, which operate in the online education space similar to Amesite, often use stock options and RSUs as part of their compensation packages for directors.
• The specific amount and terms of the RSU grants would need to be compared to industry benchmarks for director compensation to assess whether they are in line with market standards.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns director interests with company performance.
• Employees may see it as a sign of the company's commitment to its leadership.

Key Dates

Keywords

Amesite Inc., Richard Ogawa, restricted stock units, RSU, director compensation, Form 4, AMST, deferred stock units