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

Director Richard Ogawa received 4,000 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 4,000 restricted stock units (RSUs) on June 28, 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 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, Ogawa beneficially owns 41,134 securities.
• The price of the derivative security is $0.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of RSUs is a standard practice and aligns the director's interests with shareholders. There are no immediate negative implications.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The director continues to hold a significant number of securities, showing commitment to 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 type of equity compensation is common for directors of publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across the industry to align their interests with shareholders' value.
• Companies like Coursera and 2U also use stock options and RSUs as part of their director compensation packages.

Stakeholder Impact

• Shareholders may view this as a positive sign, as it aligns the director's interests with the company's performance.
• Employees may see this as a standard compensation practice for board members.

Key Dates

Keywords

Amesite Inc., AMST, Richard Ogawa, Director, Restricted Stock Units, RSU, Deferred Stock Units, Compensation, Beneficial Ownership, Form 4