AmpliTech Group (NASDAQ: AMPG) CEO converts Series A Rights into common stock
Rhea-AI Filing Summary
Maqbool Fawad, Chief Executive Officer and a 10% owner of AmpliTech Group, Inc., exercised 500 Series A Rights at a conversion price of $5.00 into 500 shares of Common Stock on July 22, 2026. Following the exercise, his direct holdings of Common Stock increased to 2,714,364 shares, and his Series A Rights position was reduced to zero.
The Series A Rights were originally acquired on January 14, 2026 through unit subscription rights in the issuer’s Units Rights Offering, with the closing for the Series A Rights occurring on July 22, 2026. Any unexercised Series A Rights expired on July 18, 2026, and the shares acquired upon exercise are described as exempt under Rule 16b-3. The transactions are not indicated as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 500 shares
Net Buy
2 txns
Insider
Maqbool Fawad
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Series A Rights F1, F2 | 500 | -- | -- |
| Exercise | Common Stock F1 | 500 | $5.00 | $3K |
Holdings After Transaction:
Series A Rights — 0 shares (Direct);
Common Stock — 2,714,364 shares (Direct)
Footnotes (2)
- F1. On January 14, 2026, the Reporting Person acquired the Series A Rights in connection with the exercise of unit subscription rights issued to the Reporting Person and other stockholders and eligible warrantholders on a pro rata basis in the Issuer's Units Rights Offering. The closing for the Series A Rights occurred on July 22, 2026. The shares acquired upon exercise of the Series A Rights are exempt from reporting under Rule 16b-3.
- F2. By the terms of the Series A Rights, any unexercised Series A Rights expired on July 18, 2026.
Key Figures
Rights Exercised: 500 Series A Rights
Conversion Price: $5.00 per share
Common Shares After Transaction: 2,714,364 shares
+3 more
6 metrics
Rights Exercised
500 Series A Rights
Exercised into Common Stock on July 22, 2026
Conversion Price
$5.00 per share
Exercise or conversion price of the Series A Rights
Common Shares After Transaction
2,714,364 shares
Direct Common Stock holdings of Maqbool Fawad following the exercise
Series A Rights After Transaction
0 rights
Total Series A Rights following the reported exercise and expiration
Rights Expiration Date
July 18, 2026
Date on which any unexercised Series A Rights expired
Rights Acquisition Date
January 14, 2026
Date Series A Rights were acquired via unit subscription rights
Key Terms
Series A Rights, Units Rights Offering, unit subscription rights, Rule 16b-3
4 terms
Series A Rights financial
"The Reporting Person acquired the Series A Rights in connection with the exercise"
Series A rights are the specific protections and privileges attached to the first round of preferred shares sold to early investors, such as priority on company payouts, special voting influence, and the ability to keep their ownership percentage in later financing rounds. Think of them like a VIP ticket that gives holders safer exit priority and stronger say in company decisions, which matters to investors because those rights reduce risk and preserve value.
Units Rights Offering financial
"on a pro rata basis in the Issuer's Units Rights Offering"
unit subscription rights financial
"in connection with the exercise of unit subscription rights issued to the Reporting Person"
Rule 16b-3 regulatory
"The shares acquired upon exercise of the Series A Rights are exempt from reporting under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did AMPG CEO Maqbool Fawad report on this Form 4?
Maqbool Fawad exercised 500 Series A Rights into 500 shares of Common Stock at a $5.00 conversion price. The transaction converted derivative rights into additional common shares held directly.
What are the Series A Rights referenced in the AMPG Form 4 filing?
The Series A Rights were derivative securities acquired on January 14, 2026 through unit subscription rights in AmpliTech’s Units Rights Offering. They entitled the holder to acquire Common Stock at $5.00 per share before expiration.
When did the AmpliTech (AMPG) Series A Rights expire and when were they exercised?
Any unexercised Series A Rights expired on July 18, 2026, while the closing for the exercised rights occurred on July 22, 2026. On that date, 500 rights were exercised into 500 Common Stock shares.