Aqua Metals Inc SEC Filings

Stephen Cotton, CEO and Director of Aqua Metals, Inc. (AQMS), reported transactions on Form 4 dated 09/19/2025. He was issued 11,250 shares of common stock on a fully vested basis at no cash cost, and 4,765 shares were withheld and returned to the plan to cover tax withholding related to that award at an effective price of $4.12 per share. After these transactions he beneficially owned 115,369 shares, which includes 76,057 shares underlying unvested restricted stock units that are not yet deliverable.

Stephen Cotton, CEO and Director of Aqua Metals, Inc. (AQMS), reported transactions on Form 4 dated 09/19/2025. He was issued 11,250 shares of common stock on a fully vested basis at no cash cost, and 4,765 shares were withheld and returned to the plan to cover tax withholding related to that award at an effective price of $4.12 per share. After these transactions he beneficially owned 115,369 shares, which includes 76,057 shares underlying unvested restricted stock units that are not yet deliverable.

Stephen Cotton, CEO and Director of Aqua Metals, Inc. (AQMS), reported transactions on Form 4 dated 09/19/2025. He was issued 11,250 shares of common stock on a fully vested basis at no cash cost, and 4,765 shares were withheld and returned to the plan to cover tax withholding related to that award at an effective price of $4.12 per share. After these transactions he beneficially owned 115,369 shares, which includes 76,057 shares underlying unvested restricted stock units that are not yet deliverable.

Aqua Metals, Inc. (AQMS) reported that after a 1-for-10 reverse stock split effected on August 4, 2025 and an appeal hearing on August 19, 2025, Nasdaq confirmed the company has regained compliance with the minimum bid price requirement of $1.00 under Listing Rule 5550(a)(2). Nasdaq's letter dated September 4, 2025 restores the listing status that had been at risk following a prior notice of noncompliance.

The company will be placed under a mandatory panel monitor for one year ending September 4, 2026. If Nasdaq staff later finds the company again out of compliance with the minimum bid during that period, the company would not be eligible for a grace period and could face delisting unless it appeals to the Nasdaq Hearing Panel.

Eric West, Chief Financial Officer of Aqua Metals, Inc. (AQMS) reported an insider purchase on 08/19/2025. The Form 4 shows he acquired 17,179 shares of Common Stock at a price of $3.95 per share, bringing his total beneficial ownership to 27,241 shares following the transaction. The filing notes that this total includes 27,179 shares underlying restricted stock units (RSUs) that are not yet vested and deliverable. The Form 4 is signed and dated 08/21/2025 and lists his role as Chief Financial Officer.

Aqua Metals insider filing shows Benjamin S. Taecker, listed as the company's Chief Engineering and Operations Officer, received equity awards and had shares withheld for taxes. On 08/19/2025 he was issued 14,238 restricted stock units (RSUs) recorded as acquisitions at a reported price of $3.95, bringing his reported beneficial ownership to 28,879 shares. On 08/20/2025 a separate entry shows 564 shares were withheld/returned to the plan at $3.68 to cover tax withholding, reducing his reported beneficial ownership to 28,315 shares. The RSUs were granted under the 2025 Long Term Incentive Program and will vest in six equal semi-annual installments over three years, subject to continued service. The form is signed by Eric West by power of attorney on 08/21/2025.

Aqua Metals (AQMS) reporting person Stephen Cotton, who serves as Chief Executive Officer and a director, received 46,824 restricted stock units (RSUs) on 08/19/2025 under the company's 2025 Long Term Incentive Program as non-cash stock awards. The RSUs vest in six equal semi-annual installments over three years, with each RSU convertible into one share of common stock. Following the grant, the filing shows 106,039 shares beneficially owned by Mr. Cotton. On 08/20/2025, 1,920 shares were withheld to cover tax liabilities related to a prior restricted share vesting, leaving 104,119 shares beneficially owned. The form was signed by power of attorney on 08/21/2025.

Aqua Metals reported its operating and financial results for the second quarter of 2025 via a press release attached to a Form 8-K. The filing states the press release is furnished (not filed) and is included as Exhibit 99.1. The cover page interactive XBRL file is included as Exhibit 104. This Form 8-K not itself disclose numerical results in the body of the filing; instead it notifies investors that detailed operational and financial information has been released in the attached press release.

The report was executed on behalf of the company by Chief Financial Officer Eric West. Investors seeking the full figures, commentary, and any explanatory disclosures should consult Exhibit 99.1 for the complete press release and Exhibit 104 for the interactive data file.

Aqua Metals, Inc. reported a net loss of $15,085,000 for the six months ended June 30, 2025 (quarterly loss $6,770,000) and had $1,933,000 of cash at period end. The company did not generate revenue from commercial operations during the periods presented and recorded a noncash $9,012,000 impairment and loss on disposal of property, plant and equipment related to the sale of its TRIC facility.

Management retired approximately $4,000,000 of notes payable (including a $3,000,000 Summit loan) in connection with the asset sale and received net proceeds of approximately $4,064,000 from that sale. The company entered an equity line purchase agreement (ELOC) with Lincoln Park providing committed purchases up to $10,000,000 (subject to Nasdaq and contractual limits) and generated net proceeds of $2.735M from ATM sales plus $69,000 under the ELOC in the six months. Despite these actions, management states it does not have sufficient capital resources to sustain operations through the next twelve months and notes substantial doubt about continuing as a going concern.