Deferred stock grant to Amesite (NASDAQ: AMST) director’s trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LOSH J MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Amesite Inc. director J. Michael Losh, through the J. Michael Losh Irrevocable Qualified Annuity Trust #7, received a grant of 10,902 restricted stock units as deferred stock units in lieu of cash director fees. Each unit represents one share of AMST common stock or its cash equivalent, deliverable after board service ends or upon an earlier change in control. Following this award, the trust holds 101,265 units in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LOSH J MICHAEL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 10,902 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 101,265 shares (Indirect, J. Michael Losh Irrevocable Qualified Annuity Trust #7)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMST common stock and/or the cash equivalent of such share. The reported securities were issued as "deferred stock units" in lieu of cash compensation earned for services as a director, and the number of deferred stock units received was calculated based on the closing share price on the last day of the quarter. The deferred stock units or cash equivalent will be issued to the reporting person upon completion of service as a member of the board of directors or, if earlier, a change in control.
Key Figures
RSUs granted: 10,902 units
Post-grant holdings: 101,265 units
Grant price: $0.00 per unit
+1 more
4 metrics
RSUs granted
10,902 units
Restricted stock units granted on 2026-06-30 as director compensation
Post-grant holdings
101,265 units
Total restricted stock units held by the director’s trust after grant
Grant price
$0.00 per unit
Stock-based award issued in lieu of cash fees
RSU conversion ratio
1 unit = 1 share or cash equivalent
Each RSU represents one share of AMST common stock or its cash value
Key Terms
Restricted Stock Units, deferred stock units, change in control, board of directors
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMST common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
deferred stock units financial
"The reported securities were issued as "deferred stock units" in lieu of cash compensation earned for services as a director"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
change in control financial
"The deferred stock units or cash equivalent will be issued ... upon completion of service ... or, if earlier, a change in control."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
board of directors financial
"cash compensation earned for services as a director ... upon completion of service as a member of the board of directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did Amesite (AMST) report for J. Michael Losh?
Amesite reported a grant of 10,902 restricted stock units to a trust associated with director J. Michael Losh. These RSUs were issued as deferred stock units instead of cash compensation for his board service during the quarter.
How many restricted stock units did the Amesite (AMST) director’s trust receive?
The trust associated with director J. Michael Losh received 10,902 restricted stock units. This award increased the trust’s total holdings to 101,265 units, reflecting stock-based compensation rather than cash for his board service in the reported period.
What does each Amesite (AMST) restricted stock unit represent in this Form 4?
Each restricted stock unit represents a contingent right to receive one share of Amesite common stock or the cash equivalent. This means the director’s trust will eventually receive either stock or cash of equal value for each unit when settlement conditions are met.
When will the Amesite (AMST) deferred stock units be settled for the director’s trust?
The deferred stock units or their cash equivalent will be issued when J. Michael Losh completes his service on the board of directors, or earlier if there is a change in control. Settlement timing is therefore tied to tenure or a control event.
Was this Amesite (AMST) Form 4 transaction an open-market purchase or sale?
No, this Form 4 reflects a compensation-related grant, not an open-market trade. The 10,902 restricted stock units were awarded as deferred stock units in lieu of cash fees earned for serving as a director during the reported quarter.
How is ownership of the Amesite (AMST) units structured for J. Michael Losh?
The reported restricted stock units are held indirectly through the J. Michael Losh Irrevocable Qualified Annuity Trust #7. The Form 4 identifies the nature of ownership as indirect, meaning the trust, not the individual directly, holds the units.