Form 4: Atomera Inc. Executive Robert J. Mears Sells Shares to Cover Tax Obligations

Robert J. Mears, Chief Technology Officer of Atomera Inc., sold shares of common stock to cover tax withholding obligations and as part of a pre-arranged 10b5-1 trading plan.

Summary

• On June 3rd and 4th, 2024, Robert J. Mears, the Chief Technology Officer of Atomera Inc., sold shares of the company's common stock.
• The sales on June 3rd involved multiple transactions at a price of $4.13 per share, totaling 2,189 shares.
• On June 4th, Mears sold 1,578 shares at $4.04 per share.
• These transactions were executed to cover tax withholding obligations related to the vesting of restricted stock grants and as part of a 10b5-1 trading plan adopted on June 16, 2023.
• Following these transactions, Mears directly owns 134,963 shares of Atomera Inc. common stock and indirectly owns 2,666 shares through a spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sales are explained as being for tax obligations and part of a pre-arranged trading plan, which makes the sentiment neutral.

Future Outlook

The document does not contain any specific forward-looking statements about the company's future performance.

Industry Context

This is a routine disclosure of insider stock sales. Insider sales can sometimes be interpreted negatively by the market, but in this case, the sales are explained as being for tax obligations and part of a pre-arranged trading plan, which mitigates potential concerns.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, although the explanation provided mitigates this concern.

Key Dates