Form 4: Justin Mirro, Amprius Technologies Director, Reports Acquisition of 125,000 Restricted Stock Units

Director Justin Mirro reports acquisition of 125,000 restricted stock units in Amprius Technologies, Inc.

Summary

• On June 7, 2024, Justin Mirro, a director of Amprius Technologies, Inc., filed a Form 4.
• The filing reports the acquisition of 125,000 restricted stock units (RSUs) representing the right to receive one share of Amprius common stock each.
• These RSUs were acquired on June 7, 2024, at a price of $0.
• 100% of the 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, Mirro directly owns 142,895 shares, including the 125,000 RSUs.
• Mirro also indirectly owns 2,067,142 shares through Kensington Capital Partners, LLC, where he is the managing member, and 1,785,000 shares through the Kensington Capital Trust, where his spouse is the trustee.
• Mirro disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest in Kensington Capital Partners, LLC, and disclaims beneficial ownership of the shares held in the Kensington Capital Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of RSUs by a director generally indicates confidence in the company's prospects, but it's a routine transaction.

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 alignment with shareholder interests.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.
• The vesting schedule of the RSUs aligns the director's interests with those of the shareholders.

Key Dates