Forge Nano counsel acquires options, performance shares
The performance stock units carry an October 22, 2031 expiration date; reported option expiration dates include January 11, 2032 and March 29, 2036.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Forge Nano Holdings, Inc. (NANO) Chief Legal Counsel Curtis J. Zimmermann reported direct acquisitions of stock options and performance stock units on October 22, 2026. The stock options originated under Forge Nano, Inc.’s 2017 Equity Incentive Plan and were converted in connection with the business combination. Reported option tranches include 308,608 and 26,358 options at $0.56 per share, 19,946 at $1.03, 170,603 at $1.33, and 12,823 and 25,361 at $2.94. The awards also include 321,601 and 101,176 performance stock units, with vesting tied to specified stock-price or revenue milestones; continued service applies to the 101,176-unit award.
Insider Trade Summary
Grant/Award: 986,476 shares
Grant/Award
8 txns
Insider
Zimmermann Curtis J.
Role
Chief Legal Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) F1 | 308,608 | -- | -- |
| Grant/Award | Stock Option (right to buy) F1 | 26,358 | -- | -- |
| Grant/Award | Stock Option (right to buy) F1, F2 | 19,946 | -- | -- |
| Grant/Award | Stock Option (right to buy) F1, F3 | 170,603 | -- | -- |
| Grant/Award | Stock Option (right to buy) F1, F4 | 12,823 | -- | -- |
| Grant/Award | Stock Option (right to buy) F1, F5 | 25,361 | -- | -- |
| Grant/Award | Performance Stock Units F6 | 321,601 | -- | -- |
| Grant/Award | Performance Stock Units F7, F8 | 101,176 | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 563,699 contracts (Direct);
Performance Stock Units — 422,777 contracts (Direct)
Footnotes (8)
- F1. Consists of stock options granted under the 2017 Equity Incentive Plan of Forge Nano, Inc. ("Forge Nano") that were converted into stock options exercisable for shares of the Issuer's common stock in connection with the Issuer's business combination (the "Business Combination") pursuant to the Agreement and Plan of Merger dated April 20, 2026, by and among Archimedes Tech SPAC Partners II Co., the Issuer (f/k/a ATII Holdings Inc.), ATII Merger Sub Inc., ATII Merger Sub II, LLC and Forge Nano (the "Merger Agreement"), and are exercisable following the closing of the Business Combination.
- F2. 25% of these stock options vested on April 1, 2025, and the remaining 75% vested and will vest in 36 substantially equal monthly installments thereafter, subject to the Reporting Person's continued service with the Issuer.
- F3. 25% of these stock options vested on December 12, 2025, and the remaining 75% vested and will vest in 36 substantially equal monthly installments thereafter, subject to the Reporting Person's continued service with the Issuer.
- F4. 25% of these stock options vested on October 1, 2026, and the remaining 75% will vest in 36 substantially equal monthly installments thereafter, subject to the Reporting Person's continued service with the Issuer.
- F5. 25% of these stock options will vest on March 31, 2027, and the remaining 75% will vest in 36 substantially equal monthly installments thereafter, subject to the Reporting Person's continued service with the Issuer.
- F6. Represents performance stock units, each representing a right to receive one share of common stock of the Issuer, granted to holders of Forge Nano stock options in connection with the Business Combination. The performance stock units will vest as follows: (i) one third of the performance stock units will vest if the VWAP of the Common Stock equals or exceeds $15.00 per share over any 30 trading day period or the revenue of the Issuer for the preceding twelve months equals or exceeds $400,000,000, (ii) one third of the performance stock units will vest if the VWAP of the Common Stock equals or exceeds $20.00 per share over any 30 trading day period or the revenue of the Issuer for the preceding twelve months equals or exceeds $600,000,000 and (iii) one third of the performance stock units will vest if the VWAP of the Common Stock equals or exceeds $25.00 per share over any 30 trading day period or the revenue of the Issuer for the preceding twelve months equals or exceeds $800,000,000.
- F7. Represents performance stock units, each representing a right to receive one share of common stock of the Issuer, granted to holders of Forge Nano stock options in connection with the Business Combination. The performance stock units will vest as follows, subject to the Reporting Person's continued service with the Issuer through each applicable vesting event: (i) one third of the performance stock units will vest if the VWAP of the Common Stock equals or exceeds $15.00 per share over any 30 trading day period or the revenue of the Issuer for the preceding twelve months equals or exceeds $400,000,000, (ii) one third of the performance stock units will vest if the VWAP of the Common Stock equals or exceeds $20.00 per share over any 30 trading day period or the revenue of the Issuer (Cont'd in FN9)
- F8. (Cont'd from FN8) for the preceding twelve months equals or exceeds $600,000,000 and (iii) one third of the performance stock units will vest if the VWAP of the Common Stock equals or exceeds $25.00 per share over any 30 trading day period or the revenue of the Issuer for the preceding twelve months equals or exceeds $800,000,000.
Key Figures
Stock options: 308,608 options
Stock options: 26,358 options
Stock options: 19,946 options
+5 more
8 metrics
Stock options
308,608 options
Exercise price: $0.56 per share; expiration date: January 11, 2032.
Stock options
26,358 options
Exercise price: $0.56 per share; expiration date: April 25, 2032.
Stock options
19,946 options
Exercise price: $1.03 per share; expiration date: March 31, 2034.
Stock options
170,603 options
Exercise price: $1.33 per share; expiration date: December 11, 2034.
Stock options
12,823 options
Exercise price: $2.94 per share; expiration date: October 23, 2035.
Stock options
25,361 options
Exercise price: $2.94 per share; expiration date: March 29, 2036.
Performance stock units
321,601 units
Expiration date: October 22, 2031; vesting is tied to stock-price or revenue thresholds.
Performance stock units
101,176 units
Expiration date: October 22, 2031; vesting is tied to stock-price or revenue thresholds and continued service.
Key Terms
Performance Stock Units, VWAP, 2017 Equity Incentive Plan, substantially equal monthly installments
4 terms
Performance Stock Units financial
"Represents performance stock units, each representing a right to receive one share"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
VWAP financial
"VWAP of the Common Stock equals or exceeds $15.00 per share"
VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.
2017 Equity Incentive Plan financial
"under the 2017 Equity Incentive Plan of Forge Nano, Inc."
substantially equal monthly installments financial
"remaining 75% vested and will vest in 36 substantially equal monthly installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What milestones govern the NANO performance stock units reported for Curtis J. Zimmermann?
The 321,601-unit award vests in thirds if the common stock VWAP equals or exceeds $15.00, $20.00 or $25.00 per share over any 30 trading day period, or preceding-twelve-month revenue equals or exceeds $400,000,000, $600,000,000 or $800,000,000, respectively. The same thresholds apply to the 101,176-unit award, subject to Zimmermann’s continued service through each applicable vesting event.
AI-generated analysis. How Rhea-AI works. Not financial advice.
