Form 4: Momentus Inc. Executive Robert E. Schwarz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Robert E. Schwarz, Chief Technology Officer of Momentus Inc., reports transactions involving Class A Common Stock and Restricted Stock Units.
Summary
- On March 20, 2024, Robert E. Schwarz, the Chief Technology Officer of Momentus Inc., engaged in transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
- Schwarz acquired 1,111 shares of Class A Common Stock at $0 and 2,200 shares of Class A Common Stock at $0 through vesting of Restricted Stock Units.
- He also disposed of 456 and 902 shares of Class A Common Stock at $0.4521 to cover tax obligations related to the vesting of RSUs.
- Following these transactions, Schwarz directly owns 2,685 shares of Class A Common Stock and 4,400 Restricted Stock Units.
- The RSUs vest in three equal annual installments starting on March 20, 2023 and March 20, 2024, contingent upon continued employment.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Future Outlook
The reporting person's future ownership will be affected by the vesting schedule of the Restricted Stock Units and continued employment with the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- Shareholders are informed about changes in beneficial ownership by a key executive.
- The transactions may have a minor impact on the stock price due to the sale of shares for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/20/2023 | Starting date for vesting of some Restricted Stock Units in three equal annual installments. |
| 08/23/2023 | Momentus Inc. effected a 1-for-50 reverse stock split. |
| 03/20/2024 | Date of transactions involving Class A Common Stock and Restricted Stock Units. |
| 03/20/2024 | Starting date for vesting of some Restricted Stock Units in three equal annual installments. |
| 03/22/2024 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Robert E. Schwarz, Momentus Inc., MNTS, Class A Common Stock, Restricted Stock Units, RSU, CTO, Tax Withholding
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