Form 4: Amprius Technologies CEO Sells Shares to Cover Tax Obligations

Amprius Technologies CEO, Kang Sun, sold 33,779 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Kang Sun, the CEO of Amprius Technologies, sold 33,779 shares of common stock on November 21, 2024.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• The shares were sold at an average price of $1.9646, with individual transactions ranging from $1.93 to $2.02.
• Following the transaction, Mr. Sun still beneficially owns 1,316,974 shares, including 1,153,482 restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across various industries.
• The sale of shares by the CEO is not unusual and is often part of a pre-planned strategy to manage personal finances and tax liabilities.
• Similar transactions are frequently observed in other technology companies where stock-based compensation is a significant part of executive pay.

Stakeholder Impact

• The sale of shares by the CEO may have a minor impact on the stock price, but it is not expected to be significant given the routine nature of the transaction.

Key Dates

Keywords

Amprius Technologies, Kang Sun, stock sale, restricted stock units, tax obligations, insider trading, SEC Form 4