Form 4: Amtech Systems Inc. Director Averick Reports Stock Purchase and Beneficial Ownership Changes
SEC Form 4 Filing
Director Robert M. Averick reports a purchase of Amtech Systems Inc. stock and updates to his beneficial ownership, including shares held directly, indirectly, and through family members.
Summary
- Robert M. Averick, a director of Amtech Systems Inc. (ASYS) and a portfolio manager at Kokino LLC, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- On February 7, 2025, Averick purchased 54,789 shares at a weighted average price of $5.02 per share, with prices ranging from $5.00 to $5.06.
- Following the transaction, Averick directly owns 560,789 shares.
- He also indirectly owns 2,250,000 shares through Kokino Family Clients, 500 shares in a custodial account for a family member, and 11,000 shares held by his spouse.
- Averick also holds 8,299 restricted stock units and options to buy 42,000 shares of common stock.
- The filing also references a Schedule 13D, indicating a group including Piton Capital Partners LLC, Cornice Fiduciary Management LLC, M3C Holdings LLC, Averick, and OIH LLC, which collectively report beneficial ownership of Common Shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The director's purchase suggests confidence, but it's a routine filing and doesn't contain significant new information.
Positives
- Director Averick's purchase of 54,789 shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The stock purchase by a director could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 2016-01-25 | Date of initial Schedule 13D filing. |
| 2025-02-07 | Date of stock purchase transaction. |
| 2025-02-10 | Date of Form 4 filing. |
Keywords
Form 4, beneficial ownership, stock purchase, Amtech Systems, ASYS, director, Robert Averick, Kokino LLC
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