[Form 3] Astrotech Corporation (DE) Initial Statement of Beneficial Ownership

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

Securities Analyst

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.

Corporate Governance Specialist

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.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Badugu Nihanth

(Last) (First) (Middle)

2105 DONLEY DRIVE

SUITE 100

(Street)

AUSTIN TX 78758

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/13/2025

3. Issuer Name and Ticker or Trading Symbol
ASTROTECH Corp [ ASTC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options (right to buy)	(1)	08/07/2033	Common Stock	1,800	$11.87	D
Employee Stock Options (right to buy)	(2)	08/28/2034	Common Stock	840	$11.51	D

Explanation of Responses:

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.

2. 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.

	/s/ Nihanth Badugu	08/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did ASTC COO Nihanth Badugu report on the Form 3?

He reported beneficial ownership of employee stock options totaling 2,640 underlying shares across two grants with exercise prices of $11.87 and $11.51.

When did the reported vesting events occur for ASTC options?

Vesting events disclosed: 600 shares vested on 08/07/2024 and 08/07/2025 for the first grant; 280 shares vested on 08/28/2025 for the second grant.

What are the exercise prices and expiration dates shown on the Form 3?

The first option has an exercise price of $11.87 with expiration shown 08/07/2033; the second has an exercise price of $11.51 with expiration shown 08/28/2034.

Does the Form 3 show any option exercises or stock sales by the reporting person?

No. The Form 3 only discloses beneficial ownership of employee stock options and vesting; it does not report any option exercises or sales.

What is the reporting date on the Form 3 for ASTC?

The Date of Event Requiring Statement is 08/13/2025 and the Form is signed and dated 08/28/2025.