Form 4: Ascent Solar Technologies CFO Jin H. Jo Reports Share Disposal to Cover Tax Obligations

Ascent Solar Technologies' CFO, Jin H. Jo, disposed of 4,888 shares to cover tax obligations related to the vesting of restricted stock units on March 31, 2024.

Summary

• On March 31, 2024, Jin H. Jo, the Chief Financial Officer of Ascent Solar Technologies, Inc. (ASTI), disposed of 4,888 shares of common stock.
• The disposal was executed to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
• The price per share for the transaction was $0.3941.
• Following the transaction, Ms. Jo beneficially owns 37,612 shares.
• The RSUs were granted on January 17, 2024, and vest in three tranches: one-third on March 31, 2024, January 1, 2025, and January 1, 2026.
• Unvested RSUs will fully vest upon a change of control or termination of employment (except for cause by the company or without good reason by Ms. Jo).

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance or guidance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and does not necessarily indicate a broader trend within the solar technology industry. However, it reflects the company's compensation strategy and how it incentivizes its executives through equity-based awards.

Key Dates

Keywords

Ascent Solar Technologies, ASTI, Jin H. Jo, CFO, Form 4, Share Disposal, Restricted Stock Units, RSU, Tax Withholding, Beneficial Ownership