Form 4: Intevac Director Dorothy Hayes Reports Acquisition of Shares and Stock Options

Director Dorothy Hayes acquired 12,000 shares of Intevac Inc. common stock and 10,300 non-qualified stock options on May 16, 2024.

Summary

• On May 16, 2024, Dorothy Hayes, a director of Intevac Inc. (IVAC), reported acquiring 12,000 shares of common stock.
• These shares were acquired at a price of $0.0, indicating they were likely granted as restricted stock units (RSUs).
• Hayes also acquired 10,300 non-qualified stock options with an exercise price of $4.
• The options vest after one year of service from the vesting commencement date and expire on May 16, 2031.
• Following these transactions, Hayes directly owns 59,000 shares of Intevac Inc. common stock and 10,300 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of insider transactions. The acquisition of shares and options by a director is generally viewed as a slightly positive sign, but it's not a major event.

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 performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• Shareholders may view the director's acquisition of shares and options as a positive sign of confidence in the company's future prospects.

Key Dates