Form 4: Amtech Systems Inc: Director Robert Averick Reports Recent Stock Purchases
SEC Filing
Director Robert Averick reports purchasing shares of Amtech Systems Inc. common stock between May 10 and May 14, 2024.
Summary
- Robert Averick, a director of Amtech Systems Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On May 10, 2024, he purchased 12,723 shares at a weighted average price of $5.2, with prices ranging from $5.16 to $5.23.
- He continued purchasing shares on May 13 and May 14, acquiring 304 shares at $5.16 and 2,784 shares at $5.45, respectively.
- Following these transactions, Mr. Averick directly owns 434,000 shares of Amtech Systems Inc.
- He also has indirect ownership through Kokino Family Clients, a custodial account for a family member, and shares held by his spouse.
- Mr. Averick also holds 8,299 Restricted Stock Units and options to buy 42,000 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports stock purchases by a director, which could be interpreted positively but doesn't contain explicit positive or negative statements about the company's performance or outlook.
Positives
- The director's purchases may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The stock purchases by a director could positively influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/25/2016 | Date of initial Schedule 13D filing. |
| 05/10/2024 | Date of first reported stock purchase (12,723 shares). |
| 05/13/2024 | Date of second reported stock purchase (304 shares). |
| 05/14/2024 | Date of third reported stock purchase (2,784 shares) and filing of Form 4. |
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