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ALMU insider filing shows CFO ownership of 165,000 equity awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Aeluma's Chief Financial Officer, Christopher P. Stewart, reported direct beneficial ownership of equity awards consisting of 110,000 stock options with an exercise price of $21.04 and 55,000 restricted stock units (RSUs). The options vest 25% after 12 months then monthly over 36 months and expire 10 years after the vesting date. The RSUs vest 25% after the first fiscal quarter following the 12-month anniversary, then quarterly thereafter, and each RSU converts to one share at settlement.

Positive

  • Reporting person is identified as Chief Financial Officer Christopher P. Stewart with direct beneficial ownership reported
  • Equity awards disclosed: 110,000 stock options and 55,000 RSUs, providing clear alignment between executive and shareholders
  • Vesting and conversion mechanics are specified: 25% after 12 months, then monthly (options) or quarterly (RSUs), and each RSU converts to one common share

Negative

  • None.

Insights

TL;DR: Routine Form 3 discloses CFO equity awards totaling 165,000 units; standard multi-year vesting and a $21.04 exercise price.

The filing reports direct ownership by the CFO of 110,000 options and 55,000 RSUs, with the options exercisable at $21.04. Vesting is staggered (25% after 12 months, then monthly or quarterly increments) and the options expire 10 years after vesting. This is a standard executive compensation disclosure and, on its face, is informational rather than materially transformative to the company’s capital structure.

TL;DR: Disclosure shows governance transparency and alignment via equity awards to the CFO, using customary vesting mechanics.

The Form 3 identifies the reporting person as the Chief Financial Officer and documents direct beneficial ownership of both options and RSUs. The detailed vesting schedule and the conversion of RSUs to one share each are explicitly stated, supporting clarity for shareholders. The disclosure is consistent with standard governance practices for executive incentive alignment and routine SEC reporting requirements.

Insider Stewart Christopher P.
Role Chief Financial Officer
Type Security Shares Price Value
holding Stock Option -- -- --
holding RSU -- -- --
Holdings After Transaction: Stock Option — 110,000 shares (Direct); RSU — 55,000 shares (Direct)
Footnotes (1)
  1. 25% of the stock options (the "Options") will vest on the twelve (12) month anniversary of the Reporting Persons employment with the Company. The balance of the Options will vest in equal monthly increments, on each monthly anniversary of the Reporting Persons employment start date with the Company, over the next thirty-six (36) months. The Options expire on the 10-year anniversary of the Options vesting date. 25% of the RSU shares will vest at the end of the fiscal quarter following the twelve (12) month anniversary of the Reporting Persons employment start date with the Company, with a pro-rated amount for any partial quarter preceding the twelve (12) month anniversary. The balance of the RSUs will vest in equal quarterly increments, with a pro-rated amount for any partial final quarter. Each restricted stock unit represents the contingent right to receive, at settlement, one share of common stock.
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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Stewart Christopher P.
(Last) (First) (Middle)
27 CASTILIAN DRIVE
(Street)
GOLETA CA 93117
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/04/2025 		3. Issuer Name and Ticker or Trading Symbol
Aeluma, Inc. [ ALMU ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (1) (2) Common Stock 110,000 $21.04 D
RSU(4) (3) (3) Common Stock 55,000 $21.04 D
Explanation of Responses:
1. 25% of the stock options (the "Options") will vest on the twelve (12) month anniversary of the Reporting Persons employment with the Company. The balance of the Options will vest in equal monthly increments, on each monthly anniversary of the Reporting Persons employment start date with the Company, over the next thirty-six (36) months.
2. The Options expire on the 10-year anniversary of the Options vesting date.
3. 25% of the RSU shares will vest at the end of the fiscal quarter following the twelve (12) month anniversary of the Reporting Persons employment start date with the Company, with a pro-rated amount for any partial quarter preceding the twelve (12) month anniversary. The balance of the RSUs will vest in equal quarterly increments, with a pro-rated amount for any partial final quarter.
4. Each restricted stock unit represents the contingent right to receive, at settlement, one share of common stock.
/s/ Christopher Stewart 08/13/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did the Aeluma (ALMU) Form 3 report disclose?

The Form 3 discloses that CFO Christopher P. Stewart directly beneficially owns 110,000 stock options and 55,000 RSUs related to Aeluma common stock.

What is the exercise price for the reported stock options on the ALMU Form 3?

The reported stock options have an exercise price of $21.04 per share.

How do the reported equity awards vest according to the filing?

The filing states options vest 25% after 12 months then monthly over the next 36 months; RSUs vest 25% after the first fiscal quarter following the 12-month anniversary and then quarterly thereafter, with pro-rata treatment for partial quarters.

How many shares do the RSUs represent on the ALMU Form 3?

Each restricted stock unit represents the contingent right to receive one share of common stock, and 55,000 RSUs were reported.

What is the expiration term for the stock options disclosed?

The options expire on the 10-year anniversary of the options' vesting date, as stated in the filing.