ASP Isotopes (ASPI) chair sells 162,153 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ASP Isotopes Inc. Executive Chairman Paul Elliot Mann reported an open-market sale of 162,153 shares of common stock at a weighted average price of $5.436 per share. According to the disclosure, these were “sell to cover” transactions under a Rule 10b5-1 trading plan to satisfy tax withholding on the quarterly vesting of a restricted stock award.
After these sales, Mann held 7,597,385 shares of ASP Isotopes common stock directly. The filing notes the shares were sold in multiple transactions at prices ranging from $5.10 to $5.57 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 162,153 shares ($881,464)
Net Sell
1 txn
Insider
Mann Paul Elliot
Role
Executive Chairman
Sold
162,153 shs ($881K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 162,153 | $5.436 | $881K |
Holdings After Transaction:
Common Stock — 7,597,385 shares (Direct)
Footnotes (1)
- Represents "sell to cover" sales effected pursuant to a Rule 10b5-1 trading plan adopted by the filing person on June 9, 2025 to cover tax withholding obligations in connection with the quarterly vesting of a restricted stock award. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.10 to $5.57, inclusive. The reporting person undertakes to provide ASP Isotopes Inc. (the "Company"), any stockholder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 2.
FAQ
What insider transaction did ASP Isotopes (ASPI) report for Paul Elliot Mann?
ASP Isotopes reported that Executive Chairman Paul Elliot Mann sold 162,153 shares of common stock. The transaction was an open-market sale made under a Rule 10b5-1 trading plan to cover tax withholding tied to a restricted stock award’s quarterly vesting.
What does the Rule 10b5-1 trading plan reference mean in the ASP Isotopes (ASPI) filing?
The filing explains that the sales were made pursuant to a Rule 10b5-1 trading plan adopted on June 9, 2025. It specifies that the plan’s sales were intended to cover tax withholding obligations from quarterly vesting of a restricted stock award.