Form 4: Intevac Director David Dury Reports Acquisition of Shares and Stock Options

Director David Dury reported acquiring 12,000 shares of Intevac Inc. common stock and 10,300 non-qualified stock options.

Summary

• On May 16, 2024, David Dury, a director of Intevac Inc., reported acquiring 12,000 shares of common stock at $0.00 and 10,300 non-qualified stock options with an exercise price of $4.
• Following the transaction, Dury directly owns 158,000 shares of common stock and indirectly owns 66,000 shares through a trust.
• The stock options become exercisable after one year of service from the vesting commencement date and expire on May 16, 2031.
• The shares were acquired as restricted stock units (RSUs) which vest upon completion of one year of service.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying is generally viewed as a positive sign, but the transaction is part of a standard compensation package.

Positives

• The acquisition of shares and stock options by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates