Astrotech (ASTC) COO Nihanth Badugu Files Form 3 Showing Option Grants
Rhea-AI Filing Summary
Nihanth Badugu, Chief Operating Officer of Astrotech Corporation (ASTC), filed an initial Form 3 reporting ownership of employee stock options. The filing lists two option grants: an option covering 1,800 common shares with an $11.87 exercise price (expiration shown 08/07/2033) and an option covering 840 common shares with an $11.51 exercise price (expiration shown 08/28/2034). The first grant vests in three equal annual installments beginning on the first anniversary of the grant (600 shares vested on 08/07/2024 and 600 shares vested on 08/07/2025). The second grant also vests in three equal annual installments (280 shares vested on 08/28/2025). The Form is signed and dated 08/28/2025.
Positive
- Disclosure of officer holdings and vesting for transparency: two option grants totaling 2,640 underlying shares are reported
- Specific vesting events disclosed: 600 shares vested on 08/07/2024 and 08/07/2025; 280 shares vested on 08/28/2025
Negative
- None.
Insights
TL;DR: Officer filed an initial Form 3 disclosing two employee stock option grants totaling 2,640 underlying shares.
The filing is a routine Section 16 disclosure by the Chief Operating Officer showing two option grants exercisable into common stock with stated exercise prices and expiration dates. Vesting schedules are standard three-year, annual installment structures and portions of both grants vested in 2024 and 2025. This disclosure documents insider holdings and vesting events but does not indicate any exercised options, stock sales, or other transactions on the Form 3 itself.
TL;DR: Form 3 documents beneficial ownership from employee options; no adverse governance events disclosed.
The report confirms the reporting person's officer status and beneficial ownership via direct employee stock options. The detailed vesting schedule and exercise prices are disclosed, supporting transparency for Section 16 reporting. There are no disclosures of option exercises, transfers, or problematic governance items such as undisclosed related-party transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
Footnotes (1)
- The option agreement provides that the option becomes exercisable in three equal annual installments over three years beginning on the first anniversary of the option's grant date. The option was granted on August 7, 2023. 600 shares underlying this stock option vested on each August 7, 2024 and August 7, 2025, respectively. The option agreement provides that the option becomes exercisable in three equal annual installments over three years beginning on the first anniversary of the option's grant date. The option was granted on August 28, 2024. 280 shares underlying this stock option vested on August 28, 2025.
