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AMTECH SYSTEMS INC·4

Mar 6, 4:17 PM ET

Averick Robert M 4

Research Summary

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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.