Form 4: Kopin Corp COO Baker Forfeits Restricted Stock and Pays Taxes with Shares

COO Paul Christopher Baker forfeited restricted stock due to unmet milestones and used shares to cover taxes on lapsed restrictions.

Summary

• On April 17, 2025, Paul Christopher Baker, COO of Kopin Corporation, forfeited 31,858 shares of common stock due to not achieving certain milestones related to restricted stock granted on March 5, 2024.
• Baker also remitted 3,141 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 per share.
• Following these transactions, Baker beneficially owns 444,531 shares of Kopin Corporation common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it primarily reports transactions related to stock compensation and tax obligations. The forfeiture of stock is a slightly negative signal, but not significantly impactful on its own.

Negatives

• The forfeiture of restricted stock by the COO suggests that certain performance milestones were not met.

Risks

• The forfeiture of restricted stock may indicate potential challenges in achieving company goals or individual performance targets.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends. However, stock forfeitures can sometimes signal internal performance issues.

Stakeholder Impact

• The forfeiture of restricted stock could have a minor negative impact on shareholder sentiment.

Key Dates

Keywords

Kopin Corporation, Paul Christopher Baker, COO, Form 4, Beneficial Ownership, Restricted Stock, Forfeiture, Taxes, KOPN