Form 4: AudioEye Director Anthony L. Coelho Reports Acquisition of Common Stock

Director Anthony L. Coelho reports acquiring 867 shares of AudioEye Inc. common stock on January 1, 2025, through a vested restricted stock unit (RSU) grant.

Summary

• On January 1, 2025, Anthony L. Coelho, a director of AudioEye Inc., acquired 867 shares of common stock.
• The acquisition was a result of a quarterly grant of restricted stock units (RSUs) under the company's 2020 Equity Incentive Plan.
• The RSUs vested on the grant date and will be settled on the earlier of (i) the third anniversary of the grant date, (ii) immediately prior to the closing of a change in control (but no later than 90 days following the change in control), and (iii) the calendar year following the year of death (with payment no later than the end of the year following the year of death).
• The price of the acquired stock was $0.
• Following the transaction, Coelho directly owns 195,261 shares of AudioEye Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a routine disclosure of stock acquisition by a director. It doesn't inherently indicate positive or negative news.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The settlement of the RSUs is contingent on future events, including the third anniversary of the grant date, a change in control, or the calendar year following the year of death.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, such as directors and officers, trade their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates