Form 4: Intevac Director Ryan L. Vardeman Acquires Shares and Options
SEC Form 4 Filing
Director Ryan L. Vardeman acquired 12,000 restricted stock units and 10,300 non-qualified stock options in Intevac Inc.
Summary
- Ryan L. Vardeman, a director at Intevac Inc., has reported acquiring 12,000 restricted stock units, which will vest on May 15, 2025.
- He also acquired 10,300 non-qualified stock options with an exercise price of $2.55, exercisable on May 15, 2025, and expiring on November 21, 2031.
- These transactions were reported on November 14, 2024, and the earliest transaction date was November 12, 2024.
- Mr. Vardeman also indirectly owns 1,053,924 shares through Palogic Value Fund, L.P., Palogic Value Management, L.P., and Palogic Capital Management, LLC.
- He disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
Sentiment
Score: 6
Explanation: The document is a routine filing and does not indicate any significant positive or negative sentiment. It reflects standard insider transactions.
Positives
- The acquisition of shares and options by a director could be seen as a positive sign of confidence in the company's future.
Risks
- The document does not explicitly state any risks, but the indirect ownership structure and disclaimers could be complex.
Industry Context
This is a standard SEC Form 4 filing, which is common for company insiders reporting changes in their beneficial ownership of company securities. It is a routine part of corporate governance and transparency.
Comparison to Industry Standards
- SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
- The reporting of stock options and restricted stock units is common for executive compensation.
- The indirect ownership structure through investment funds is also a common practice for directors and officers.
Stakeholder Impact
- The transactions may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 11/12/2024 | Date of the earliest transaction. |
| 11/14/2024 | Date the form was signed. |
| 05/15/2025 | Vesting date for the restricted stock units and exercisable date for the stock options. |
| 11/21/2031 | Expiration date for the stock options. |
Keywords
Intevac, Director, Ryan L. Vardeman, Stock Options, Restricted Stock Units, Beneficial Ownership, Palogic Value Fund, Insider Trading
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