Form 4 for ARQ Arq, Inc.
Accepted 2023-07-19 00:00:00 ET · period of report 2023-07-17 · accession 0001515156-23-000099 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-07-19 | 2023-07-17 | ARQ | Rasmus Robert E. | CEO, Dir | A - Grant | $1.89 | +527.8K | 527.8K | New | +$997.5K |
| D | 2023-07-19 | 2023-07-17 | ARQ | Rasmus Robert E. | CEO, Dir | A - Grant | $1.89 | +422.2K | 422.2K | New | +$798.0K |
| DM | 2023-07-19 | 2023-07-17 | ARQ | Rasmus Robert E. | CEO, Dir | A - Grant | $0.00 | +1.40M | 400.0K | New | $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 | 2023-07-17 | A | A | 527,779 | $1.89 | 527,779 | I | — | — | |
| 2 | Common | Common Stock | 2023-07-17 | A | A | 422,221 | $1.89 | 422,221 | D By RER Legacy Investments II LLC. | — | — | (F2) The shares of Common Stock reported on this row are held by RER Legacy Investments II LLC ("RER Legacy"). Mr. Rasmus is the ultimate control person of RER Legacy, and an indirect beneficial owner of these shares. Mr. Rasmus disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 3 | Derivative | Stock Option (right to buy) | 2023-07-17 | A | A | 1,000,000 | $0.00 | 1,000,000 | D | $3.00 · — to 2033-07-17 | 1,000,000 Common Stock | (F3) Represents options to purchase Common Stock granted to Mr. Rasmus as an employment inducement award. The options will vest ratably in three equal annual installments on each anniversary of the date of grant. |
| 4 | Derivative | Restricted Stock Units | 2023-07-17 | A | A | 400,000 | $0.00 | 400,000 | D | — · — to — | 400,000 Common Stock | (F4) Represents restricted stock units ("RSUs") granted to Mr. Rasmus as an employment inducement award. Each RSU represents the right to receive one share of Common Stock upon vesting and settlement. (F5) 250,000 RSUs vest when the volume weighted average price ("VWAP") of the Common Stock over a 30-day period equals $10.00 per share and 150,000 RSUs vest when the VWAP over a 30-day period equals $15.00 per share, in each case, prior to the third anniversary of the date of grant. |