4/A: Director Francis J. Hughes Jr. Amends Filing to Reflect Option Expiration at CPS Technologies Corp
SEC Form 4/A
Francis J. Hughes Jr., a director at CPS Technologies Corp, amended a previous filing to reflect the expiration of 15,000 options, adjusting the number of securities beneficially owned.
Summary
- This is an amendment to a Form 4 filing by Francis J. Hughes Jr., a director of CPS Technologies Corp.
- The amendment corrects the number of securities beneficially owned following a transaction.
- The adjustment is due to the expiration of 15,000 options on February 6, 2024.
- Hughes also acquired 15,000 common stock options on February 28, 2024, at a price of $2.34, exercisable from that date until February 28, 2034.
- The total number of securities beneficially owned after the reported transaction is 128,100.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing primarily reflects a correction due to option expiration and a new option grant. There's no indication of significant positive or negative sentiment.
Positives
- The director acquired 15,000 common stock options, indicating confidence in the company's future.
Negatives
- The expiration of 15,000 options reduced the director's holdings, although this was offset by the acquisition of new options.
Key Dates
| Date | Description |
|---|---|
| 02/06/2024 | Expiration of 15,000 options |
| 02/28/2024 | Acquisition of 15,000 common stock options at $2.34 |
| 02/29/2024 | Original filing date |
| 03/01/2024 | Date of amended filing |
| 02/28/2034 | Expiration date of new options |
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