Form 4: Atomera Inc. Chief Technology Officer Sells Shares to Cover Tax Obligations

Atomera Inc.'s Chief Technology Officer, Robert J. Mears, sold a portion of his shares to cover tax obligations related to vesting restricted stock grants.

Summary

• Robert J. Mears, the Chief Technology Officer of Atomera Inc., sold a total of 2,200 shares of common stock on December 2, 2024.
• The sales were executed at a price of $6.06 per share.
• These transactions were made to cover tax withholding obligations associated with the vesting of previously reported restricted stock grants.
• Following these transactions, Mr. Mears directly owns 130,494 shares and indirectly owns 2,666 shares through his spouse.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Similar sales by executives to cover tax obligations are common across the technology industry.
• The sale of 2,200 shares is relatively small compared to the total holdings of the executive, which is typical for these types of transactions.
• The price of $6.06 per share is consistent with the market price at the time of the transaction.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but it is generally considered a normal part of executive compensation.

Key Dates

Keywords

Atomera Inc, Robert J. Mears, stock sale, insider trading, tax obligations, restricted stock, Form 4, Chief Technology Officer