Form 4: Solid Power COO Derek Johnson Reports Acquisition and Disposal of Shares and Stock Options

Derek Colby Johnson, Chief Operating Officer of Solid Power, Inc., reported the acquisition and disposal of common stock and stock options on March 22, 2024.

Summary

• On March 22, 2024, Derek Colby Johnson, the Chief Operating Officer of Solid Power, Inc., filed a Form 4.
• The form details transactions involving Solid Power's common stock and stock options.
• Johnson acquired 567,551 shares of common stock and disposed of 869,694 shares.
• He also acquired 1,074,758 stock options with an exercise price of $1.56.
• The stock options vest 25% on March 22, 2025, and the remaining 75% vest in 12 equal quarterly installments starting March 31, 2025, contingent on continued service.
• The restricted stock units will vest as to 25% of the granted number on March 22, 2025, and the remaining 75% of the granted number will vest in 12 equal quarterly installments commencing on March 31, 2025, and thereafter at the end of each fiscal quarter of the Issuer, subject to the reporting person continuing to be a service provider through the applicable vesting date.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The vesting schedule of the stock options and restricted stock units is contingent upon the reporting person's continued service with the company.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, providing transparency to investors regarding insider transactions at Solid Power.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership of shares.
• The vesting schedule incentivizes the COO to remain with the company, potentially benefiting employees and other stakeholders.

Key Dates