Form 4 for AQMS Aqua Metals, Inc.
Accepted 2023-12-14 00:00:00 ET · period of report 2023-12-12 · accession 0001437749-23-034455 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-12-14 | 2023-12-12 | AQMS | Cotton Stephen | CEO, Dir | A - Grant | $0.00 | +1.89M | 5.90M | +47% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-12-12 | A | A | 100,000 | $0.00 | 6,002,606 | D | — | — | (F2) Represents 100,000 shares underlying RSUs that are not yet vested and deliverable. Each RSU entitles the reporting person to receive one common stock of the Company upon vesting of the RSU. The RSUs will vest and settle based on the Company's achieving at least $8 million of revenue in fiscal 2024, with at least $5 million of production related revenue, as follows: 50,000 RSUs will vest and settle if the Company achieves at least $8 million of revenue in 2024; 100,000 RSUs will vest and settle if the Company achieves at least $10 million of revenue in 2024; and 150,000 RSUs will vest and settle if the Company achieves at least $15 million of revenue in 2024.. The RSUs have been granted under the 2019 Stock and will expire, if not vested and settled, upon the completion of the audit of the Company's financial statements for the year ended December 31, 2024. (F5) Includes 3,046,703 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. |
| 2 | Common | Common Stock | 2023-12-12 | A | A | 420,000 | $0.00 | 6,422,606 | D | — | — | (F3) Represents 420,000 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. Each RSU entitles the reporting person to receive one common stock of the Company upon vesting of the RSU. The RSUs will vest and settle based on the Company's common stock achieving absolute price hurdles based on a 5-day VWAP at any time over the three years from the date of grant, as follows: 210,000 RSUs will vest and settle upon achieving $2.50 per share; 105,000 RSUs will vest and settle upon achieving $4.00 per share; and 105,000 RSUs will vest and settle upon achieving $5,00 per share. The RSUs have been granted under the Company's 2019 Stock Incentive Plan ("2019 Plan") and will expire on the third anniversary of the date of grant. (F6) Includes 3,466,703 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. |
| 3 | Common | Common Stock | 2023-12-12 | A | A | 1,365,000 | $0.00 | 5,902,606 | D | — | — | (F1) Represents 1,365,000 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. The RSUs will vest and be settled in six equal semi-annual installments over a three year period, subject to the Reporting Person's continuation of service with the Company. These RSUs have been granted under the Company's 2023 Long Term Incentive Program as non-cash stock awards. Each RSU shall entitle its holder to receive one Common Stock of the issuer. (F4) Includes 2,946,703 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. |