Form 4: Nanophase Technologies Director Janet Whitmore Acquires 7,100 Shares
SEC Form 4 Filing
Director Janet Whitmore of Nanophase Technologies Corp. (NANX) purchased 7,100 shares of common stock at $1.50 per share on August 16, 2024.
Summary
- On August 16, 2024, Janet Whitmore, a director of Nanophase Technologies Corp. (NANX), acquired 7,100 shares of common stock.
- The purchase price was $1.50 per share.
- Following the transaction, Whitmore directly owns 1,915,741 shares of Nanophase Technologies Corp.
- Whitmore also holds deferred common stock and options to purchase common stock at various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of a director's stock purchase. While insider buying can be seen as a positive signal, the size of the purchase is relatively small.
Positives
- The director's purchase of shares could be interpreted as a positive signal about their confidence in the company's future prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Comparing Janet Whitmore's holdings to other directors in similar nanotechnology companies is difficult without specific data on those companies.
- Generally, director ownership is viewed positively, aligning their interests with shareholders.
- However, the impact of this particular transaction is small given the overall volume of Nanophase Technologies' stock.
Stakeholder Impact
- The director's purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 11/17/2016 | Date of grant for multiple stock options with varying exercise prices, expiring on 11/17/2026. |
| 02/21/2018 | Date of grant for stock options with an exercise price of $0.68, expiring on 02/21/2027. |
| 05/23/2019 | Date of grant for stock options with an exercise price of $0.82, expiring on 05/23/2028. |
| 06/18/2021 | Date of grant for stock options with an exercise price of $0.45, expiring on 06/18/2027. |
| 12/28/2022 | Date of grant for stock options with an exercise price of $4.17, expiring on 12/28/2028. |
| 12/20/2023 | Date of grant for stock options with an exercise price of $1.165, expiring on 12/20/2029. |
| 08/16/2024 | Date of transaction: Janet Whitmore purchased 7,100 shares of common stock at $1.50 per share. |
| 12/27/2024 | Date of grant for stock options with an exercise price of $0.61, expiring on 12/27/2030. |
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