Astrotech Corporation (ASTC) adopted a transaction incentive plan for its wholly owned subsidiary, 1st Detect Corporation. For a Sale Transaction, the bonus pool equals 20% of the actual aggregate fair market value of proceeds received by 1st Detect or Astrotech, as determined by the administrator. Transaction Value is calculated after repayment of 1st Detect debt, liabilities and capital lease obligations, if applicable, and net of transaction fees, without adjustment for plan awards. No pool is established unless Transaction Value equals or exceeds $20 million.
Selected key employees receive individual allocations. Bonuses are paid on or within 30 days after proceeds are received, provided participants remain employed by 1st Detect or its successor, Astrotech or an affiliate on the payment date. Eligibility is forfeited if employment ends for any reason or a release is not returned timely. Unallocated pool amounts go to 1st Detect or Astrotech under the sale agreements; if Tom Wilkinson remains an independent director and administrator member, he may instead award all or part to CEO Thomas B. Pickens III, acting solely as administrator. Separately, Astrotech amended its transaction bonus plan to remove a sale of a major subsidiary from “Qualifying Transaction.”
Astrotech Corp (ASTC) director Matthew Kreps acquired 1,114 shares of restricted stock on September 30, 2026, as a grant under the Astrotech Corporation 2021 Omnibus Equity Incentive Plan. The full award vested immediately on the grant date. Kreps directly held 3,264 shares after the grant.
Astrotech Corp. director Charles Arch Winn received a grant of 1,331 shares of restricted stock on September 30, 2026, under the Astrotech Corporation 2021 Omnibus Equity Incentive Plan. The shares vested immediately on the grant date. His reported holdings after the grant were 14,431 shares, including 485 shares held in his IRA.
ASTROTECH Corp (ASTC) director John William Halinski received a grant of 1,331 shares of restricted stock on September 30, 2026. The award was made under the Astrotech Corporation 2021 Omnibus Equity Incentive Plan, and all shares vested immediately on the grant date. Halinski reported 13,542 shares held directly after the grant.
ASTROTECH Corp director Eric Stober received a grant of 1,473 shares of restricted stock on September 30, 2026, under the Astrotech Corporation 2021 Omnibus Equity Incentive Plan. All shares vested immediately on the grant date. His reported direct ownership after the grant was 21,127 shares of common stock.
Robert N. McFarland, a director of Astrotech Corp (ASTC), received a grant of 1,331 shares of restricted stock on September 30, 2026, under the Astrotech Corporation 2021 Omnibus Equity Incentive Plan. After the grant, he directly held 22,292 shares of common stock.
ASTROTECH Corp director Tom Wilkinson received a grant of 1,331 shares of restricted stock on September 30, 2026, under the Astrotech Corporation 2021 Omnibus Equity Incentive Plan. The shares vested immediately on the grant date, and his directly held common-stock position after the grant was 32,254 shares.
Astrotech Corporation reported fiscal 2026 revenue of $913,000, down 13.0% from $1.049 million, and a net loss of $14.427 million versus $13.850 million a year earlier. Gross profit was $217,000 and gross margin was 23.8%, compared with $475,000 and 45.3%.
Cash and cash equivalents totaled $8.387 million at June 30, 2026; net cash used in operating activities was $13.453 million. Under its at-the-market program, Astrotech sold 168,980 shares and received approximately $6.7 million net during fiscal 2026; the agreement permits sales of up to $50 million in aggregate gross proceeds. Management believes available cash and operating cash flows will cover current plans and anticipated obligations for at least 12 months, while longer-term growth may require substantial additional capital.
The Board authorized management to pursue a potential sale process of 1st Detect. Lunar initiatives remain in exploratory planning and design; the company said no formal business plan or capital budget has been approved and that it lacks cash or resources to pursue them. Astrotech also announced ECAC/EU G1 approval for TRACER 1000 and commercially launched Labrador HH-GC.
Astrotech Corporation (ASTC) reported fiscal 2026 results for the year ended June 30, 2026. Revenue was $913,000, compared with $1,049,000 in fiscal 2025. Gross profit was $217,000 versus $475,000, and net loss was $14.427 million versus $13.850 million. Total operating expenses were $14.355 million, compared with $15.209 million in fiscal 2025; the company’s highlights characterized expenses as $14 million, down 6%.
At June 30, 2026, cash and cash equivalents and short-term investments totaled $11.3 million, which the company believes will support operating expenses and capital expenditure requirements. Astrotech said it launched lunar resource and infrastructure strategic initiatives and is focused on converting pipeline opportunities into revenue growth. Its Lunar Power and Light subsidiary was focused on potentially developing lunar-surface infrastructure for semiconductor processing, advanced computing systems, and quantum-computing manufacturing. The contemplated lunar energy-storage application remains in evaluation and development. EN-SCAN delivers portable environmental testing solutions integrating gas chromatography and mass spectrometry.
ASTROTECH Corp (symbol: ASTC) is the issuer of record for a Form 4/A filing submitted to the SEC. Stober Eric reported acquisition or exercise transactions in this Form 4 filing.
ASTROTECH Corp (ASTC) reports that director Eric Stober received a grant of 2,150 shares of restricted common stock on July 16, 2026 at $0.00 per share under the Astrotech Corporation 2021 Omnibus Equity Incentive Plan. This amendment corrects his beneficial ownership to 19,654 shares following the grant, an increase of 1,167 shares from what was previously reported, and clarifies that the restricted shares vest in three annual installments on each of the first three anniversaries of December 13, 2024, becoming fully vested on December 13, 2027, subject to his continuous service.