Form 4: Nanophase Technologies Director Janet Whitmore Increases Stake in Company
SEC Form 4 Filing
Director Janet Whitmore recently increased her holdings in Nanophase Technologies through a series of open market purchases.
Summary
- Janet Whitmore, a director at Nanophase Technologies, has increased her beneficial ownership of the company's common stock.
- On May 22, 2024, she acquired 3,295 shares at $1.38, 100 shares at $1.35, 4,900 shares at $1.34, and 100 shares at $1.345.
- On May 23, 2024, she purchased 4,000 shares at $1.37, 1,000 shares at $1.368, and 725 shares at $1.37.
- On May 24, 2024, she acquired 4,820 shares at $1.37 and 100 shares at $1.345.
- Following these transactions, Whitmore directly owns 1,687,052 shares of Nanophase Technologies common stock.
- She also holds deferred common stock and options to purchase additional shares at various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The director's purchase indicates confidence, but it's a relatively small transaction in the context of her overall holdings.
Positives
- A director's increased investment in the company may signal confidence in its future prospects.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. Monitoring such filings can provide insights into management's sentiment towards the company's prospects.
Stakeholder Impact
- The increased stake by a director could positively influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 11/17/2016 | Date of grant for several stock appreciation rights (later converted to options) with various exercise prices and expiration on 11/17/2026. |
| 02/21/2018 | Date of grant for stock options with an exercise price of $0.68, vesting in three equal annual installments and expiring on 02/21/2027. |
| 05/23/2019 | Date of grant for stock options with an exercise price of $0.82, vesting in three equal annual installments and expiring on 05/23/2028. |
| 06/18/2021 | Date of grant for stock options with an exercise price of $0.45, vesting in three equal annual installments and expiring on 06/18/2027. |
| 12/28/2022 | Date of grant for stock options with an exercise price of $4.17, vesting in three equal annual installments and expiring on 12/28/2028. |
| 12/20/2023 | Date of grant for stock options with an exercise price of $1.165, vesting in three equal annual installments and expiring on 12/20/2029. |
| 05/22/2024 | Janet Whitmore purchased 3,295 shares at $1.38, 100 shares at $1.35, 4,900 shares at $1.34, and 100 shares at $1.345. |
| 05/23/2024 | Janet Whitmore purchased 4,000 shares at $1.37, 1,000 shares at $1.368, and 725 shares at $1.37. |
| 05/24/2024 | Janet Whitmore purchased 4,820 shares at $1.37 and 100 shares at $1.345. |
| 12/27/2024 | Date of grant for stock options with an exercise price of $0.61, vesting in three equal annual installments and expiring on 12/27/2030. |
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