Amtech Systems (ASYS) director Averick exercises stock options for 18,000 shares
Rhea-AI Filing Summary
Amtech Systems director Robert M. Averick reported exercising director stock options to acquire a total of 18,000 shares of Common Stock on May 28, 2026. The options had exercise prices of $10.22, $11.51, and $7.40 per share.
Following these exercises, a Form 4 entry shows 713,341 Common Shares held directly and 2,839 Restricted Stock Units outstanding, each RSU representing one share of Common Stock. Footnotes state that 2,250,000 Common Shares are beneficially owned by Kokino Family Clients and 11,000 Common Shares are held by his spouse. After the reported transactions, no director stock options remain outstanding for Mr. Averick.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,000 shares exercised/converted
Mixed
9 txns
Insider
Averick Robert M
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to Buy) | 6,000 | $0.00 | -- |
| Exercise | Director Stock Option (Right to Buy) | 6,000 | $0.00 | -- |
| Exercise | Director Stock Option (Right to Buy) | 6,000 | $0.00 | -- |
| Exercise | Common Stock | 6,000 | $7.40 | $44K |
| Exercise | Common Stock | 6,000 | $11.51 | $69K |
| Exercise | Common Stock | 6,000 | $10.22 | $61K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Director Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 713,341 shares (Direct);
Restricted Stock Units — 2,839 shares (Direct);
Common Stock — 2,250,000 shares (Indirect, See footnote 2 below)
Footnotes (1)
- Pursuant to a Schedule 13D filed on January 25, 2016, as amended (as further amended from time to time, the "Schedule 13D"), (i) Piton Capital Partners LLC ("Piton"), Cornice Fiduciary Management LLC (as trustee of the Trust (as defined in the Schedule 13D)) and M3C Holdings LLC (collectively, the "Kokino Family Clients"), (ii) Mr. Averick, and (iii) OIH LLC also report beneficial ownership of shares of the Issuer's $.01 par value common stock ("Common Shares"). Indicates 2,250,000 Common Shares beneficially owned by the Kokino Family Clients. Mr. Averick is a Portfolio Manager at Kokino LLC ("Kokino"). Mr. Averick manages the Kokino Family Clients' investment in the Issuer as a Portfolio Manager of Kokino. Mr. Averick holds an indirect interest in certain Common Shares through his minority ownership of Piton, which is a Kokino Family Client (which ownership may be held through Piton's managing member, Piton Capital Management LLC ("PCM")). Also, Mr. Averick's incentive compensation/allocation as an employee of Kokino and member of Piton, which are generally calculated in Kokino's discretion subject to Piton's and PCM's governing documents, may be based on the performance of Common Shares held by Kokino Family Clients. Such compensation/allocation may be paid or made in cash and/or by way of increasing Mr. Averick's interest in Piton (either directly or indirectly through PCM). Kokino is PCM's managing member. Indicates Common Shares held by Mr. Averick's spouse. This is the total of all restricted stock units held by Mr. Averick as of the filing date of this Form 4. Following the reported exercise, no shares remained subject to the director stock option reported on this line. Following all of the transactions reported on this Form 4, Mr. Averick no longer holds any director stock options (right to buy) of the Issuer.
Key Figures
Options exercised: 18,000 shares
Exercise price 1: $10.22/share
Exercise price 2: $11.51/share
+5 more
8 metrics
Options exercised
18,000 shares
Director stock options exercised on May 28, 2026
Exercise price 1
$10.22/share
Director stock option strike price
Exercise price 2
$11.51/share
Director stock option strike price
Exercise price 3
$7.40/share
Director stock option strike price
Direct common shares
713,341 shares
Common Stock held directly after transactions
Indirect Kokino holdings
2,250,000 shares
Common Shares beneficially owned by Kokino Family Clients
Spouse holdings
11,000 shares
Common Shares held by Mr. Averick’s spouse
Restricted Stock Units
2,839 units
RSUs outstanding after transactions, each for one Common Share
Key Terms
Restricted Stock Units, director stock option, beneficial ownership, Schedule 13D
4 terms
Restricted Stock Units financial
"This is the total of all restricted stock units held by Mr. Averick"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
director stock option financial
"Following all of the transactions reported on this Form 4, Mr. Averick no longer holds any director stock options"
beneficial ownership financial
"also report beneficial ownership of shares of the Issuer's $.01 par value common stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Schedule 13D regulatory
"Pursuant to a Schedule 13D filed on January 25, 2016, as amended"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Amtech Systems (ASYS) director Robert M. Averick report in this Form 4?
He reported exercising director stock options to acquire 18,000 Amtech Systems Common Shares on May 28, 2026. These exercises converted option awards into stock without any reported open-market sales in this filing.
At what prices did Robert M. Averick exercise his Amtech Systems (ASYS) stock options?
He exercised director stock options at strike prices of $10.22, $11.51, and $7.40 per share. Each option exercise resulted in 6,000 Common Shares, for a total of 18,000 shares acquired through these compensation-related awards.
What indirect Amtech Systems (ASYS) holdings are associated with Robert M. Averick in this filing?
Footnotes indicate 2,250,000 Amtech Systems Common Shares are beneficially owned by Kokino Family Clients and 11,000 Common Shares are held by his spouse. These positions are reported as indirect holdings associated with Mr. Averick.
Does Robert M. Averick still hold Amtech Systems (ASYS) director stock options after this Form 4?
No. A footnote states that following all transactions reported in this Form 4, he no longer holds any director stock options. The reported exercises fully eliminated his remaining director stock option awards.
What Amtech Systems (ASYS) equity awards remain for Robert M. Averick after these transactions?
The filing shows 2,839 Restricted Stock Units outstanding for Mr. Averick. Each RSU represents one underlying share of Amtech Systems Common Stock, separate from his directly held shares and reported option exercises.