Form 4: Ascent Solar Technologies COO Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Ascent Solar Technologies' Chief Operating Officer, Bobby Gulati, disposed of 4,888 shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On March 31, 2024, Bobby Gulati, the Chief Operating Officer of Ascent Solar Technologies, disposed of 4,888 shares of common stock.
- The disposal was to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
- Following the transaction, Mr. Gulati beneficially owns 37,612 shares.
- The shares were disposed of at a price of $0.3941.
- 42,500 of the previously reported shares are restricted stock units granted on January 17, 2024, which vest in three tranches.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
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.
Key Dates
| Date | Description |
|---|---|
| 01/17/2024 | Date of grant for 42,500 restricted stock units (RSUs). |
| 03/31/2024 | Date of transaction: Disposal of 4,888 shares to cover tax obligations related to RSU vesting; one third of the RSU's vest. |
| 01/01/2025 | One third of the RSU's will vest. |
| 01/01/2026 | One third of the RSU's will vest. |
| 06/11/2024 | Date of signature on the Form 4 filing. |
Keywords
Ascent Solar Technologies, ASTI, Bobby Gulati, Chief Operating Officer, Form 4, Share Disposal, Restricted Stock Units, RSUs, Tax Obligations, Beneficial Ownership
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