Form 4: Ascent Solar Technologies COO Reports Stock Transaction
SEC Form 4 Filing
Bobby Gulati, COO of Ascent Solar Technologies, reports the withholding of 49 shares to cover tax obligations related to vested restricted stock units.
Summary
- On January 1, 2025, Bobby Gulati, the Chief Operating Officer of Ascent Solar Technologies, Inc. (ASTI), had 49 shares of common stock withheld by the issuer to satisfy tax obligations.
- This transaction is related to the vesting of restricted stock units (RSUs) granted on January 17, 2024.
- Gulati directly owns 328 shares of Ascent Solar Technologies common stock following the reported transaction.
- The RSUs vest in three tranches: March 31, 2024, January 1, 2025, and January 1, 2026.
- Unvested RSUs will fully vest upon a change of control or termination of employment (excluding termination for cause by the company or resignation without good reason by Mr. Gulati).
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine stock transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | 1 share for 100 reverse stock split effected |
| 01/17/2024 | RSUs granted |
| 03/31/2024 | One third of the RSU's will vest |
| 01/01/2025 | Date of transaction; RSU vest date; 49 shares withheld for taxes |
| 01/01/2026 | One third of the RSU's will vest |
| 01/03/2025 | Date of signature |
Keywords
Form 4, ASTI, Ascent Solar Technologies, Bobby Gulati, Chief Operating Officer, RSU, Restricted Stock Units, Stock Transaction, Beneficial Ownership, Tax Withholding
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