Form 4: Aspen Aerogels SVP, Operations and Strat Development, Gregg Landes, Reports Stock Transaction
SEC Form 4 Filing
Gregg Landes, SVP of Operations and Strategic Development at Aspen Aerogels, reports the disposal of 499 shares to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On February 21, 2025, Gregg Landes, SVP of Operations and Strategic Development at Aspen Aerogels, disposed of 499 shares of common stock to satisfy tax withholding requirements.
- The transaction was executed at a price of $8.04 per share.
- Following the transaction, Landes directly owns 29,354 shares, which includes 10,309 shares of common stock and 19,045 Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects a routine transaction to cover tax obligations, with no indication of positive or negative implications for the company's performance.
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 sentiment.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares being sold by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of stock transaction (disposal of shares). |
| 02/25/2025 | Date of signature by Attorney-in-Fact. |
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