Warley Paul P. 4

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.