Warley Paul P. 4
4 · Ascent Solar Technologies, Inc. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Ascent Solar (ASTI) CEO Paul Warley Receives 350,000-Share Option Award
What Happened
Paul P. Warley, Chief Executive Officer of Ascent Solar Technologies, was granted a derivative award of 350,000 shares (reported as a grant/award) on July 2, 2026. The grant is reported at $0.00 per share (no cash paid on grant). This is an equity incentive award intended as compensation/retention rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-02; Form 4 filed: 2026-07-06 (timely filed).
- Grant type/code: A (award/grant of a derivative).
- Amount: 350,000 shares; reported price: $0.00 per share.
- Vesting: 1/3 vests 7/31/2027, 1/3 vests 7/31/2028, 1/3 vests 7/31/2029. Outstanding unvested options fully accelerate upon a defined change of control. (See footnotes F1 & F2.)
- Board approval: Grant was approved by the issuer’s Board on July 2, 2026. (F1)
- Shares owned after transaction: Not disclosed in the provided filing.
- Filing timeliness: Filing appears timely (filed within required business-day window).
Context
This is a time-based equity award (derivative) for the CEO, commonly used for retention and incentive; it does not represent an immediate market purchase or sale. Because it vests over three years and contains change-of-control acceleration, its immediate market impact is limited until vesting occurs or the options are exercised/sold.
Insider Transaction Report
- Award
Common Stock Option (Right to buy)
[F1][F2]2026-07-02+350,000→ 350,000 totalExercise: $4.43Exp: 2036-07-01→ Common Stock (350,000 underlying)
Footnotes (2)
- [F1]The option grant was approved by the Issuer's Board of Directors on July 2, 2026.
- [F2]The shares subject to the option grant vest in the following amounts on the following dates: 1/3 - 7/31/27, 1/3 - 7/31/28, 1/3 - 7/31/29. Any outstanding and unvested options will also accelerate and fully vest upon a change of control (as defined in the Company's equity incentive plan).