Form 4: Aspen Aerogels SVP, Technology, Keith L. Schilling, Executes Stock Options and Sells Shares

Keith L. Schilling, SVP of Technology at Aspen Aerogels, exercised stock options and sold shares on May 13, 2024.

Summary

• On May 13, 2024, Keith L. Schilling, the SVP of Technology at Aspen Aerogels, exercised stock options to acquire 20,000 shares of common stock at a price of $6.81 per share.
• Following the exercise of these options, Schilling sold 19,500 shares at an average price of $26.83 and 500 shares at an average price of $27.42.
• After these transactions, Schilling beneficially owns 28,792 shares of common stock, which includes 7,133 shares of common stock and 21,659 restricted stock units.
• Schilling also holds options to purchase 55,979 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates