AmpliTech (AMPG) CFO cashless option exercise and sale of 50,000 shares
Rhea-AI Filing Summary
AmpliTech Group, Inc. Chief Financial Officer Louisa Sanfratello reported an exercise-and-sale sequence involving 50,000 shares of common stock. She exercised stock options for 50,000 shares at an exercise price of $3.52 per share, originally granted and fully vested on November 26, 2021. The resulting 50,000 common shares were then sold in open-market transactions at a weighted average price of about $4.8028 per share, with individual trade prices ranging from $4.78 to $4.87. A portion of the sale proceeds was used to cover the option exercise price, withholding tax obligations, and broker fees and commissions through a broker-assisted cashless exercise, and the filing indicates a net sale of 50,000 shares relative to her prior position while eliminating the remaining options from this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 50,000 | $0.00 | -- |
| Exercise | Common Stock | 50,000 | $3.52 | $176K |
| Sale | Common Stock | 50,000 | $4.8028 | $240K |
Footnotes (1)
- Represents the exercise of options which were originally granted on November 26, 2021 and were fully vested on the date of grant. A portion of this sale includes the same-day sale of common stock to cover the exercise price, withholding tax obligations and broker fees and commissions, pursuant to a broker assisted cashless exercise of the fully vested stock options. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.78 to $4.87, inclusive. Upon request by the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate transaction.