Form 4: Kopin Corp CFO Richard Sneider Forfeits Restricted Stock and Remits Shares for Tax Obligations

Richard Sneider, CFO of Kopin Corporation, forfeited restricted stock due to unmet milestones and remitted shares to cover tax obligations related to a restricted stock grant.

Summary

• On April 17, 2025, Richard Sneider, the Chief Financial Officer of Kopin Corporation, had transactions involving Kopin's common stock.
• He forfeited 35,372 shares of restricted stock that were granted on March 5, 2024, because certain milestones were not achieved.
• Additionally, he remitted 3,486 shares back to Kopin Corporation to cover taxes due on the lapse of restrictions on a restricted common stock grant at a price of $0.84.
• Following these transactions, Sneider beneficially owns 605,883 shares of Kopin's common stock.

Sentiment

Score: 4

Explanation: The document indicates a negative event (stock forfeiture) due to unmet milestones, offset slightly by the routine nature of tax-related share transactions. Overall, it leans slightly negative.

Negatives

• Richard Sneider forfeited a significant amount of restricted stock (35,372 shares) due to the non-achievement of certain milestones, which could reflect negatively on the company's performance or Sneider's individual performance against those milestones.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. The forfeiture of restricted stock can sometimes signal concerns about company performance or unmet targets, while share remittances for tax obligations are a common occurrence.

Stakeholder Impact

• Shareholders may view the forfeiture of restricted stock negatively, as it suggests that performance goals were not met.
• Employees may be concerned about the company's ability to achieve its targets.

Key Dates

Keywords

Form 4, Beneficial Ownership, Kopin Corporation, Richard Sneider, CFO, Restricted Stock, Forfeiture, Tax Obligations, KOPN