908 Devices Inc. SEC Filings

908 Devices Inc. insider transaction summary Joseph H. Griffith IV, the company’s Chief Financial Officer, reported the sale of 5,000 shares of 908 Devices Inc. (ticker: MASS) on 09/19/2025 at a weighted-average price of $7.0677 per share under a pre-established Rule 10b5-1 trading plan. After the sale, the reporting person beneficially owned 97,930 shares. The filing includes an offer to provide detailed breakdowns of the separate sale prices within the $7.03–$7.14 range and is signed by an attorney-in-fact on behalf of the reporting person.

908 Devices Inc. (MASS) Form 144 reports a proposed sale of 5,000 common shares to be executed through Morgan Stanley Smith Barney on the NASDAQ with an aggregate market value of $34,100. The filer acquired these shares on 03/22/2023 by previously exercised stock options from the issuer and paid in cash on that date. The filing shows 36,085,698 shares outstanding for the class and indicates no securities sold by the reporting person in the past three months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

908 Devices insider Brandi C. Vann received equity awards on 08/01/2025. The filing reports 15,577 Restricted Stock Units (RSUs) and a stock option to buy 20,409 shares at $5.14. The RSUs convert one-for-one to common shares when vested and vest in substantially equal annual installments over three years, subject to continued service with prorated vesting on termination. The option shares vest in substantially equal monthly installments over 36 months beginning 08/01/2025. The Form 4 was filed late due to an inadvertent administrative error.

908 Devices Inc. (MASS) Form 3 records that Brandi C. Vann is reported as a director with an event date of 08/01/2025. The filing states no securities are beneficially owned and notes the form was filed late due to an inadvertent administrative error. The form is signed by an attorney-in-fact on 08/18/2025.

SSGA Funds Management, Inc. and State Street Corporation reported beneficial ownership of 908 Devices Inc. common stock. State Street disclosed 2,286,634 shares (6.4% of the class) and SSGA Funds Management disclosed 1,839,877 shares (5.1% of the class). Both reporting persons indicate no sole voting or dispositive power and instead report substantial shared voting and shared dispositive powers (State Street: 2,255,847 shared votes; SSGA: 1,834,577 shared votes). Filers certify these holdings were acquired in the ordinary course of business and not to change or influence control of the issuer.

Q2-25 continuing ops showed top-line growth but remained unprofitable. Revenue rose 14% YoY to $13.0 M, driven by handheld device sales (+13%) and recurring revenue (+28%). Gross profit improved 3% to $6.4 M, yet margin contracted to 48.9% (53.8% LY) as product cost inflation outpaced pricing. Operating expenses climbed 47% to $21.5 M, largely from a $6.8 M fair-value increase in RedWave acquisition earn-out; R&D grew 23% and SG&A eased 7%. As a result, loss from continuing ops widened to $12.9 M (-$7.6 M LY), or –$0.36 per share.

Strategic divestiture transformed the six-month picture. On 4 Mar 25, MASS sold its Desktop Portfolio to Repligen for $69.9 M cash, booking a $56.2 M pre-tax gain. Including this, H1-25 net income reached $30.3 M versus a $23.5 M loss LY; EPS swung to +$0.85. Cash & equivalents jumped to $61.8 M (43.4 M YE-24) and marketable securities to $56.8 M, lifting current assets to $147.9 M. Total liabilities fell slightly to $42.9 M, though a new $11.6 M current liability reflects contingent consideration. Operating cash burn for H1 was $20.8 M, covered by divestiture proceeds; capex remained modest at $0.3 M. Shares outstanding were 36.06 M at 30 Jun 25. A June-25 master supply agreement secures $6.6 M in committed orders over three years, with a $0.75 M upfront payment received in July.

Christopher D. Brown filed an initial Statement of Beneficial Ownership (Form 3) for 908 Devices (MASS) following his appointment as Director. The filing reveals significant equity holdings as of June 13, 2025:

• Direct Common Stock ownership: 962,122 shares
• Stock Options: Total of 320,404 shares at various exercise prices ranging from $1.75 to $16.66, with different vesting schedules
• Restricted Stock Units (RSUs): 52,837 units vesting over four annual installments from 2022-2024

The stock options include both fully vested options and those with future vesting schedules through 2025. RSUs represent contingent rights to receive common stock upon vesting, with no expiration date. This substantial equity position aligns the director's interests with shareholders and indicates a long-term commitment to the company.