Form 4: Nanophase Technologies Director Janet Whitmore Increases Stake in Company
SEC Form 4
Director Janet Whitmore increased her holdings in Nanophase Technologies through open market purchases of common stock.
Summary
- On May 9, 2024, Janet Whitmore, a director of Nanophase Technologies Corp, purchased 4,900 shares of common stock at a price of $1.40 per share.
- On May 10, 2024, she further acquired 400 shares of common stock, also at $1.40 per share.
- Following these transactions, Whitmore directly owns 1,650,612 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: 7
Explanation: The sentiment is moderately positive due to the director's increased investment in the company, suggesting confidence in its future.
Positives
- A director increasing their stake in the company can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider buying is often viewed as a positive sign in the market, suggesting that those with the most knowledge of the company's prospects are optimistic about its future.
Stakeholder Impact
- The increased stake by a director could positively influence shareholder confidence.
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. |
| 05/09/2024 | Janet Whitmore purchased 4,900 shares of common stock at $1.40 per share. |
| 05/10/2024 | Janet Whitmore purchased 400 shares of common stock at $1.40 per share. |
| 05/13/2024 | Date of signature for the Form 4 filing. |
| 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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