4/A: Research Solutions Director Amends Filing to Correctly State Derivative Securities Ownership
SEC Filing (Form 4/A)
Kenneth L. Gayron, a director at Research Solutions, Inc., amended a previous Form 4 filing to accurately reflect the number of derivative securities beneficially owned following a transaction on December 6, 2023.
Summary
- Kenneth L. Gayron, a director of Research Solutions, Inc., filed an amendment to a Form 4, which reports changes in beneficial ownership of securities.
- The amendment, filed on September 24, 2024, corrects the number of derivative securities (specifically, options to purchase common stock) beneficially owned following a transaction on December 6, 2023.
- The transaction involved the acquisition of 47,797 options with an exercise price of $2.73, expiring on December 5, 2033.
- The options vest over time, with 1/3 vesting on December 6, 2024, and the remainder vesting quarterly starting December 31, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing correcting a previous error, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders and the public.
Key Dates
| Date | Description |
|---|---|
| 12/06/2023 | Date of the original transaction involving the acquisition of options. |
| 12/08/2023 | Date of original Form 4 filing. |
| 12/06/2024 | Date when 1/3 of the options vest. |
| 12/31/2024 | Start date for quarterly vesting of the remaining options. |
| 12/05/2033 | Expiration date of the options. |
| 09/24/2024 | Date of the amended Form 4/A filing. |
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