ASTI (NASDAQ) director resale notice: 38,827 shares tied to conversion

Rhea-AI Filing Summary

ASTI reports a proposed sale of Common Stock under a Form 144 related to conversions and cashless option exercises. The filing lists 38,827 shares and notes convertible preferred shares purchased on 12/30/2024 that were converted to common on 5/28/2026, with option exercises on 5/28/2026 and 5/29/2026.

The disclosure indicates the securities were acquired for cash on 12/30/2024 and later converted or cashless‑exercised; the filing identifies the issuer as the source of the securities. The filing is a routine resale notice under Form 144.

Insights

Securities Counsel

Routine Form 144 resale tied to conversion and cashless exercises.

The filing documents a proposed resale of Common Stock that stems from a conversion of preferred stock purchased on 12/30/2024 and from cashless exercises of options on 5/28/2026 and 5/29/2026. It lists 38,827 shares in the securities-to-be-sold line.

Timing and exact sale mechanics are not detailed here; subsequent transaction notices or broker records would show actual sale execution and prices. Future filings will show completed dispositions if and when sales occur.

Key Figures

Form type: Form 144 Shares listed: 38,827 shares Preferred purchase date: 12/30/2024 +4 more

7 metrics

Form type Form 144 Resale notice for restricted/controlled securities

Shares listed 38,827 shares Securities to be sold line

Preferred purchase date 12/30/2024 Convertible preferred shares purchased for cash

Conversion date 5/28/2026 Convertible preferred converted to common stock

Option grant date 6/2/2025 Stock options granted under equity incentive plan

Option exercise dates 5/28/2026; 5/29/2026 Cashless exercises of stock options

Exchange listed NASDAQ Trading venue shown in filing

Key Terms

cashless exercise, convertible preferred, Form 144

3 terms

cashless exercise financial

""cashless exercised on 5/28/2026 and 5/29/2026.""

A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.

convertible preferred financial

""Convertible preferred shares were purchased for cash on 12/30/24 and then converted to common stock on 5/28/2026.""

A convertible preferred is a type of company stock that pays fixed dividends and can be exchanged later for a set number of common shares. It acts like a hybrid between a safe, income-bearing instrument and an option for upside: investors get priority for payments and claims if things go wrong, yet can convert to common shares to participate in stock price gains, which matters for potential returns and for dilution of existing owners.

Form 144 regulatory

"Header and context showing a resale notice for restricted securities"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Bank of America Merrill Lynch 9000 Southside Blvd Jacksonfille FL 32256	44115	347185.05	9705752	05/29/2026	NASDAQ CM

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	12/30/2024	Convertible preferred shares were purchased for cash on 12/30/24 and then converted to common stock on 5/28/2026. Stock options were granted under the Company's equity incentive plan on 6/2/2025 and then cashless exercised on 5/28/2026 and 5/29/2026.	Issuer			38827	12/30/2024	Conversion of preferred stock and cashless exercise of stock options.

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does ASTI's Form 144 disclose?

The Form 144 discloses a proposed resale of Common Stock tied to conversions and cashless option exercises. It lists 38,827 shares, conversion on 5/28/2026, and option exercises on 5/28/2026 and 5/29/2026.

Were the shares originally purchased or issued to ASTI insiders?

The filing states the convertible preferred shares were purchased for cash on 12/30/2024 and then converted to common on 5/28/2026. It also notes stock options granted on 6/2/2025 that were cashless exercised.

Does Form 144 confirm the shares were sold?

No. Form 144 notifies the SEC of an intended resale and provides share counts and acquisition dates. Actual sales and prices are reported later in transaction filings or broker records when the dispositions occur.

How many shares does the filing list for resale?

The securities‑to‑be‑sold section includes a line showing 38,827 shares. That figure appears in the filing's resale disclosure as the listed amount related to conversion and cashless exercises.

What acquisition dates are relevant in the filing?

Key dates in the filing include the preferred share purchase on 12/30/2024, conversion to common on 5/28/2026, option grant on 6/2/2025, and cashless exercises on 5/28/2026 and 5/29/2026.