Form 4: Nanophase Technologies Director Janet Whitmore Acquires Additional Shares
SEC Form 4
Director Janet Whitmore purchased 1,177 shares of Nanophase Technologies Corp at $1.52 per share on August 27, 2024.
Summary
- On August 27, 2024, Janet Whitmore, a director of Nanophase Technologies Corp, acquired 1,177 shares of common stock at a price of $1.52 per share.
- Following this transaction, Whitmore directly owns 1,937,958 shares of Nanophase Technologies Corp.
- Whitmore also holds options to purchase various amounts of common stock at different exercise prices and expiration dates, as well as deferred common stock that becomes payable upon termination of service as a director.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction by a company director. The late filing is a minor negative.
Positives
- The director's purchase of shares could be interpreted as a sign of confidence in the company's future prospects.
Negatives
- The filing was made two days late due to an internal oversight within the Company.
Management Comments
- This purchase was communicated on a timely basis to the Company by Ms. Whitmore.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities.
Stakeholder Impact
- The purchase of shares by a director could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 11/17/2016 | Date of grant for several 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. |
| 08/27/2024 | Date of the transaction where Janet Whitmore acquired 1,177 shares of common stock at $1.52 per share. |
| 12/27/2024 | Date of grant for stock options with an exercise price of $0.61, expiring on 12/27/2030. |
| 09/03/2024 | Date of the form filing. |
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