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AMTECH SYSTEMS INC·4

Mar 6, 4:17 PM ET

Averick Robert M 4

4 · AMTECH SYSTEMS INC · Filed Mar 6, 2026

Research Summary

AI-generated summary of this filing

Updated

AMTECH (ASYS) 10% Owner Robert Averick Converts RSUs, Sells 8,081

What Happened

  • Robert M. Averick (reported as a 10% owner / portfolio manager) had 8,081 restricted stock units (RSUs) convert into common shares on March 5, 2026 (reported as an exercise/conversion, code M) and those 8,081 shares were disposed the same day. The filing reports $0 per share for the conversion/disposition (RSU conversion is shown as $0 consideration).
  • Separately, on March 4, 2026 he was reported as acquiring 2,839 shares via a grant/award of RSUs (reported at $0; derivative award). No cash payment was reported for these transactions.

Key Details

  • Transaction dates and reported prices:
    • 2026-03-04: Grant/award of 2,839 RSUs (reported $0).
    • 2026-03-05: Conversion/exercise of 8,081 RSUs into shares (reported $0) and same-day disposition of those 8,081 shares (reported $0).
  • Shares owned after transaction: filing does not state a single personal share total; Schedule 13D/footnotes report 2,250,000 common shares beneficially owned by the Kokino Family Clients (Averick is a Kokino portfolio manager and has indirect interests).
  • Notable footnotes:
    • F5/F8: RSUs convert into shares on a one-for-one basis; the 8,081 RSUs were granted on March 5, 2025 and vested/converted on March 5, 2026.
    • F1–F3/F6/F7: Averick’s reported ownership includes indirect holdings via Kokino/Piton entities and family/spouse holdings; totals and director option/RSU aggregates are noted in the filing.
  • Timeliness: Form 4 filed on 2026-03-06 for transactions on 2026-03-04 and 2026-03-05 — filing appears timely.

Context

  • These were derivative/RSU transactions: vested RSUs converted into shares (no cash exercise price) and those converted shares were disposed the same day. Converting RSUs and immediately selling is common for vesting-related liquidity or tax settlement; the filing itself does not state the reason.
  • As a reported 10% owner and portfolio manager tied to institutional entities (Kokino/Piton), Averick’s reported beneficial ownership reflects both personal and indirect/institutional positions rather than only executive trading.

Insider Transaction Report

Form 4
Period: 2026-03-04
AMTECH SYSTEMS INCASYS
Averick Robert M
Director10% Owner
Transactions
  • Exercise/Conversion

    Common Stock

    [F5]
    2026-03-05+8,081→ 707,341 total
  • Award

    Restricted Stock Units

    [F7]
    2026-03-04+2,839→ 10,920 total
    From: 2027-03-04Exp: 2027-03-04→ Common Stock (2,839 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F8]
    2026-03-05−8,081→ 2,839 total
    → Common Stock (8,081 underlying)
Holdings

  • Common Stock

    [F1][F2][F3]
    (indirect: See footnotes 2 and 3 below)
    2,250,000

  • Common Stock

    [F4]
    (indirect: See footnote 4 below)
    11,000

  • Director Stock Option (Right to Buy)

    [F6]
    → Common Stock
    18,000
Footnotes (8)
  • [F1]Pursuant to a Schedule 13D filed on January 25, 2016, as amended (as further amended from time to time, the "Schedule 13D"), (i) Piton Capital Partners LLC ("Piton"), Cornice Fiduciary Management LLC (as trustee of the Trust (as defined in the Schedule 13D)) and M3C Holdings LLC (collectively, the "Kokino Family Clients"), (ii) Mr. Averick, and (iii) OIH LLC also report beneficial ownership of shares of the Issuer's $.01 par value common stock ("Common Shares").
  • [F2]Indicates 2,250,000 Common Shares beneficially owned by the Kokino Family Clients. Mr. Averick is a Portfolio Manager at Kokino LLC ("Kokino"). Mr. Averick manages the Kokino Family Clients' investment in the Issuer as a Portfolio Manager of Kokino. Mr. Averick holds an indirect interest in certain Common Shares through his minority ownership of Piton, which is a Kokino Family Client (which ownership may be held through Piton's managing member, Piton Capital Management LLC ("PCM")). Also, Mr. Averick's incentive compensation/allocation as an employee of Kokino and member of Piton, which are generally calculated in Kokino's discretion subject to Piton's and PCM's governing documents, may be based on the performance of Common Shares held by Kokino Family Clients. Such compensation/allocation may be paid or made in cash and/or by way of increasing Mr. Averick's interest in Piton (either directly or indirectly through PCM). Kokino is PCM's managing member.
  • [F3]Mr. Averick no longer has a reportable beneficial interest in 500 shares of ASYS common stock owned by his immediate family member and included in his prior ownership reports.
  • [F4]Indicates Common Shares held by Mr. Averick's spouse.
  • [F5]Restricted stock units converted into shares of Common Stock on a one-for-one basis.
  • [F6]This is the total of all director stock options (right to buy), including those with different terms and conditions, held by Mr. Averick as of the filing date of this Form 4 (and after giving effect to the reported transactions).
  • [F7]This is the total of all restricted stock units held by Mr. Averick as of March 4, 2026, including those with different terms and conditions.
  • [F8]On March 5, 2025, Mr. Averick was granted 8,081 restricted stock units that vested on March 5, 2026. Restricted stock units converted into shares of Common Stock on a one-for-one basis.
Signature
/s/ Robert Averick|2026-03-06

Documents

1 file
  • 4
    tm268238-1_4seq1.xmlPrimary

    OWNERSHIP DOCUMENT