Form 4: Silvaco Group Director, Anthony K.K. Ngai, Reports Acquisition and Disposal of Common Stock

Director Anthony K.K. Ngai reports acquisition of restricted stock units and disposal of common stock on July 11, 2024.

Summary

• On July 11, 2024, Anthony K.K. Ngai, a director of Silvaco Group, Inc., reported acquiring 7,858 shares of common stock through restricted stock units (RSUs).
• These RSUs were granted under the Issuer's 2024 Stock Incentive Plan.
• The RSUs will vest on the earlier of June 30, 2025, the next annual shareholder meeting, or a Change in Control, contingent upon continuous service.
• Each RSU represents the right to receive one share of Silvaco Group's Common Stock.
• Ngai also disposed of 7,858 shares of common stock.
• Following the reported transactions, Ngai beneficially owns 37,827 shares of Silvaco Group, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of stock transactions by a company director.

Future Outlook

The vesting of the RSUs is contingent upon continued service and will occur no later than the next annual meeting of shareholders after July 11, 2024, or a Change in Control.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates