Max Jeffrey 4
4 · Ascent Solar Technologies, Inc. · Filed Sep 27, 2022
Insider Transaction Report
Form 4
Max Jeffrey
Chief Executive Office
Transactions
- Award
Common Stock
2022-09-21+3,534,591→ 3,534,591 total
Footnotes (2)
- [F1]The shares reported are restricted stock units ("RSUs") granted 9/21/2022. Each RSU represents a contingent right to receive one share of ASTI common stock.
- [F2]20% of the RSUs are fully vested upon grant. The remaining 80% of the RSUs shall vest in equal monthly increments over the next thirty-six months. Any outstanding and unvested RSUs will accelerate and fully vest upon the earlier of (i) a change of control and (ii) the termination of the reporting person's employment for any reason other than (x) by the Company for cause or (y) by the reporting person without good reason. The RSUs shall be settled in eight (8) equal increments on the last business day of each calendar quarter beginning with the initial settlement date of September 30, 2024. Notwithstanding the foregoing, any RSUs that are then outstanding and vested will accelerate and be settled upon the earlier of (i) a change of control and (ii) the termination of Mr. Max's employment for any reason other than (x) by the Company for cause or (y) by Mr. Max without good reason.