Form 4: Aspen Aerogels SVP, Sales and Marketing, Corby C Whitaker, Executes Stock Options and Sells Shares
SEC Form 4 Filing
Corby C Whitaker, SVP of Sales and Marketing at Aspen Aerogels, exercised stock options and sold shares on May 6, 2024.
Summary
- On May 6, 2024, Corby C Whitaker, SVP of Sales and Marketing at Aspen Aerogels, exercised stock options to acquire 55,159 shares of common stock at a price of $3.63 per share.
- Whitaker then sold these 55,159 shares at a weighted average price of $25.01, with individual sales prices ranging from $24.75 to $25.24.
- Following these transactions, Whitaker directly owns 131,533 shares of common stock, which includes 111,062 shares of common stock and 20,471 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company executives. It's common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 02/27/2029 | Expiration date of stock options |
| 05/06/2024 | Date of stock option exercise and share sale |
| 05/08/2024 | Date of signature by Attorney-in-Fact |
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