Form 4: BIO-key International CEO and Chairman Acquires Company Stock

Michael W. DePasquale, CEO and Chairman of BIO-key International, Inc., acquired 139 shares of common stock through the company's Employee Stock Purchase Plan.

Summary

• Michael W. DePasquale, who serves as Director, Chief Executive Officer, Chairman, and a 10% Owner of BIO-key International, Inc. (BKYI), acquired 139 shares of common stock.
• The transaction occurred on June 30, 2025, with shares acquired at a price of $0.70 per share.
• The acquisition was made under the BIO-key International, Inc. 2021 Employee Stock Purchase Plan and is exempt under SEC Rules 16b-3(d) and 16b-3(c).
• Following this transaction, Michael W. DePasquale directly beneficially owns 53,658 shares of common stock.
• Holdings do not include options to purchase 232 shares and 9,167 shares issuable upon exercise of warrants.

Sentiment

Score: 7

Explanation: The sentiment is positive due to an insider acquisition, indicating management confidence. However, the relatively small number of shares acquired limits the overall impact on sentiment.

Positives

• Acquisition of shares by a key executive, Michael W. DePasquale, indicates continued confidence in the company's future prospects.
• The transaction was conducted under an Employee Stock Purchase Plan, which is a common mechanism for employee ownership and alignment of interests.

Future Outlook

NA

Industry Context

This insider transaction reflects a routine acquisition under an employee stock purchase plan, which is a common practice across various industries to encourage employee ownership and align interests with shareholders. It does not provide broader industry trend insights.

Related Party Transactions

• The acquisition of shares by Michael W. DePasquale was conducted under the BIO-key International, Inc. 2021 Employee Stock Purchase Plan, which constitutes a transaction between an executive (related party) and the company.

Stakeholder Impact

• Shareholders may view this insider purchase as a positive indicator of management's belief in the company's value, potentially boosting investor confidence.
• Employees participating in the Employee Stock Purchase Plan benefit from the opportunity to acquire company stock at a potentially favorable price, aligning their financial interests with the company's performance.

Key Dates

Keywords

BIO-key International, BKYI, SEC Form 4, Insider Trading, Stock Acquisition, Employee Stock Purchase Plan, Michael W. DePasquale, CEO, Chairman, Common Stock