Ascent Solar (ASTI) director exercises options and covers taxes in shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ascent Solar Technologies, Inc. director Forrest T. Reynolds reported routine equity compensation activity. He exercised employee stock options to acquire 10,000 shares of common stock at $1.63 per share. To satisfy tax obligations, 2,407 shares were withheld at $6.77 per share, leaving him with 36,248 common shares held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares exercised/converted
Mixed
3 txns
Insider
Forrest Reynolds T.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 10,000 | $1.63 | $16K |
| Tax Withholding | Common Stock | 2,407 | $6.77 | $16K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 20,000 shares (Direct, null);
Common Stock — 38,655 shares (Direct, null)
Footnotes (1)
Key Figures
Options exercised: 10,000 shares
Option exercise price: $1.63 per share
Tax-withheld shares: 2,407 shares
+4 more
7 metrics
Options exercised
10,000 shares
Employee stock option exercise into common stock
Option exercise price
$1.63 per share
Exercise price for 10,000 options into common stock
Tax-withheld shares
2,407 shares
Shares delivered for tax liability at $6.77 per share
Tax-withholding price
$6.77 per share
Value used for 2,407-share tax-withholding disposition
Post-transaction holdings
36,248 shares
Common shares held directly after reported transactions
Remaining options
20,000 options
Employee stock options following derivative transaction
Option expiration
June 1, 2035
Expiration date for the employee stock option grant
Key Terms
Employee Stock Option (right to buy), tax-withholding disposition, derivative exercise/conversion, Exercise or conversion of derivative security
4 terms
Employee Stock Option (right to buy) financial
"security_title: Employee Stock Option (right to buy)"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
What did Ascent Solar (ASTI) director Forrest T. Reynolds report in this Form 4?
Forrest T. Reynolds reported exercising options and a related tax withholding. He acquired 10,000 common shares by exercising employee stock options and had 2,407 shares withheld at $6.77 per share to cover tax obligations.
At what price did the Ascent Solar (ASTI) director exercise his stock options?
The director exercised employee stock options at a price of $1.63 per share. These options covered 10,000 underlying common shares, representing the conversion of derivative securities into directly held Ascent Solar common stock on the reported transaction date.
What does the tax-withholding transaction mean in this Ascent Solar (ASTI) Form 4?
The Form 4 shows a tax-withholding disposition of 2,407 common shares at $6.77 per share. This indicates shares were delivered back to the issuer to pay tax obligations arising from the option exercise, rather than an open-market sale by the director.