Form 4: Kimberly Briskey Acquires 7,541 Shares of WiSA Technologies as Director Compensation

Director Kimberly Briskey received 7,541 shares of WiSA Technologies common stock as compensation for board service.

Summary

• Kimberly Briskey, a director of WiSA Technologies, Inc., acquired 7,541 shares of common stock on July 30, 2024.
• The shares were received as compensation for her service as a member of the board of directors, according to the company's 2018 Long-Term Stock Incentive Plan.
• The shares will vest in equal installments from December 20, 2024, to December 20, 2027, contingent upon her continued service to the company.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The document reflects a standard compensation practice, indicating confidence in the director's continued service and alignment with shareholder interests.

Positives

• The grant of shares to a director aligns her interests with those of the shareholders.
• The vesting schedule incentivizes continued service and commitment to the company.

Risks

• The vesting of the shares is contingent upon continued service, which introduces a risk if the director were to leave the company before full vesting.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This type of stock grant is a common practice for compensating board members in publicly traded companies, aligning their interests with shareholders and incentivizing long-term commitment.

Comparison to Industry Standards

• Stock grants to directors are a standard practice across the technology industry.
• The vesting schedule of these grants is typical, designed to retain board members and align their interests with long-term shareholder value.
• Comparable companies often use similar long-term incentive plans to attract and retain qualified directors.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns the director's interests with the company's long-term success.
• The director is incentivized to contribute to the company's growth and profitability to maximize the value of her shares.

Key Dates