Form 4: Aspen Aerogels CFO Ricardo Rodriguez Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Ricardo Rodriguez, CFO & Treasurer of Aspen Aerogels, reported disposing of shares to cover tax withholding requirements related to vesting Restricted Stock Units.
Summary
- On February 23, 2024, Ricardo Rodriguez, CFO & Treasurer of Aspen Aerogels, disposed of 302 shares of common stock at a price of $16.96 to cover tax obligations.
- On February 25, 2024, Rodriguez disposed of an additional 172 shares at the same price for the same reason.
- Following these transactions, Rodriguez beneficially owns 75,337 shares of Aspen Aerogels stock, including 3,483 shares of Common Stock, 18,264 RSUs and 53,590 shares of Restricted Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Disposal of 302 shares of common stock. |
| 02/25/2024 | Disposal of 172 shares of common stock. |
| 02/27/2024 | Date of signature by Attorney-in-Fact. |
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