4/A: Research Solutions Director Amends Filing to Correctly State Derivative Securities Ownership
SEC Filing (Form 4/A)
Jeremy Murphy, 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
- Jeremy Murphy, a director of Research Solutions, Inc., filed an amendment to a previous Form 4.
- The amendment, dated September 24, 2024, corrects the number of derivative securities beneficially owned following a transaction on December 6, 2023.
- The transaction involved an option to purchase 60,137 shares of common stock at an exercise price of $2.73.
- 1/3rd of the options vest on December 6, 2024 and 1/12th of the options vest on the last day of each quarter beginning December 31, 2024 until fully vested.
- Following the transaction, Murphy beneficially owns 60,137 derivative securities.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The amendment suggests attention to detail and compliance, which is moderately positive.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The correction of the filing ensures accurate information for shareholders regarding insider ownership.
- This promotes transparency and trust in the company's management.
Key Dates
| Date | Description |
|---|---|
| 12/06/2023 | Date of the earliest transaction involving the option to purchase common stock. |
| 12/08/2023 | Date of original filing. |
| 12/06/2024 | 1/3rd of the options vest. |
| 12/31/2024 | 1/12th of the options vest on the last day of each quarter beginning on this date until fully vested. |
| 09/24/2024 | Date of the amendment filing. |
| 12/05/2033 | Expiration date of the options. |
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