Form 4: Amprius Technologies Director Wen Hsieh Reports Acquisition of 125,000 Restricted Stock Units

Director Wen Hsieh reports acquiring 125,000 restricted stock units in Amprius Technologies, Inc.

Summary

• Wen Hsieh, a director of Amprius Technologies, Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 125,000 restricted stock units (RSUs) on June 7, 2024, at a price of $0.
• These RSUs vest on the earlier of (i) the one-year anniversary of the grant date and (ii) the day before the next annual meeting of stockholders, contingent upon continued service.
• Following the transaction, Hsieh directly owns 142,895 shares of common stock, including the newly acquired RSUs.
• Hsieh also indirectly owns 100,000 shares through KPCB Holdings, Inc., as nominee for Kleiner Perkins Caufield & Byers XIV, LLC and KPCB XIV Founders Fund, LLC, but disclaims beneficial ownership except to the extent of any pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing. The acquisition of RSUs can be seen as a positive sign, but it's not a strong indicator of future performance.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.
• The vesting schedule incentivizes continued service and commitment from the director.

Future Outlook

The vesting of the restricted stock units is contingent upon continued service, suggesting an expectation of ongoing involvement by the director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company insiders.

Stakeholder Impact

• Shareholders may view the acquisition of RSUs by a director as a positive sign of confidence in the company's future prospects.

Key Dates