Form 4: Amtech Systems Inc: Director Robert Averick Reports Stock Transactions

Director Robert Averick reports transactions involving Amtech Systems Inc. stock, including the conversion of restricted stock units and beneficial ownership through related entities.

Summary

• Robert Averick, a director and 10% owner of Amtech Systems Inc. (ASYS), filed a Form 4 detailing changes in his beneficial ownership.
• The report indicates that on March 1, 2024, Averick converted 4,189 restricted stock units into common stock at a price of $0.00.
• Following the transaction, Averick directly owns 418,189 shares of common stock.
• Averick also has indirect beneficial ownership of 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.
• He also holds options to purchase 42,000 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, so the sentiment is neutral. It simply reports transactions and holdings.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions. It allows investors to track the actions of key individuals within the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a key insider.
• The transactions may influence investor sentiment, depending on how they interpret the insider's actions.

Key Dates