4/A: CPS Technologies Director Corrects Derivative Securities Ownership in Form 4/A Filing
SEC Form 4/A
Grant C. Bennett, a director of CPS Technologies Corp, filed an amended Form 4 to correct the number of derivative securities beneficially owned.
Summary
- Grant C. Bennett, a director of CPS Technologies Corp, filed an amendment to a previously filed Form 4.
- The amendment, filed on February 29, 2024, corrects the number of derivative securities (specifically, common stock options) beneficially owned following a transaction on February 28, 2024.
- The number of derivative securities beneficially owned was corrected from 22,600 to 32,600.
- On February 28, 2024, Bennett acquired 15,000 common stock options with an exercise price of $2.34, expiring on February 28, 2034.
- The options are exercisable immediately.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a previously reported number of derivative securities. There is no indication of positive or negative sentiment, but the correction ensures accuracy and compliance.
Industry Context
Form 4 filings are standard practice for company insiders (directors, officers, and principal stockholders) to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The correction of the number of derivative securities beneficially owned by a director ensures accurate information for shareholders and potential investors.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the transaction involving the acquisition of common stock options. |
| 02/28/2024 | Date the acquired options become exercisable. |
| 02/28/2034 | Expiration date of the acquired common stock options. |
| 02/29/2024 | Date of the amended Form 4 filing. |
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