Form 4: Amprius Technologies Executive Jonathan Bornstein Executes Stock Options and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Jonathan Bornstein, President of Amprius Lab, exercised stock options and sold shares of Amprius Technologies common stock under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 5th and 6th, 2024, Jonathan Bornstein, President of Amprius Lab, exercised stock options to acquire 109,800 and 40,200 shares of Amprius Technologies common stock, respectively, at a price of $0.05 per share.
- Concurrently, Bornstein sold the same number of shares on the same days at average prices of $2.9186 and $2.7756, respectively.
- These transactions were executed automatically under a Rule 10b5-1 trading plan adopted on May 12, 2023.
- Following these transactions, Bornstein continues to beneficially own 1,133,851 derivative securities (stock options).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions are part of a pre-planned trading plan and do not necessarily reflect a change in the executive's view of the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It is common for executives to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 05/12/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 09/14/2022 | Date stock options were granted |
| 03/05/2024 | Date of first transaction (exercise and sale of shares) |
| 03/06/2024 | Date of second transaction (exercise and sale of shares) |
| 03/07/2024 | Date of Form 4 filing |
| 03/15/2027 | Expiration date of stock options |
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