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AMTECH SYSTEMS INC·4

Jun 1, 4:01 PM ET

Averick Robert M 4

4 · AMTECH SYSTEMS INC · Filed Jun 1, 2026

Research Summary

AI-generated summary of this filing

Updated

AMTECH (ASYS) 10% Owner Robert Averick Exercises Options

What Happened
Robert M. Averick, reported as a 10% owner and a Kokino portfolio manager, executed derivative transactions on May 28, 2026 that resulted in the acquisition of 18,000 common shares of AMTECH SYSTEMS, INC. (ASYS). He acquired 6,000 shares at $7.40 ($44,400), 6,000 shares at $11.51 ($69,060) and 6,000 shares at $10.22 ($61,320) for a total cash outlay of $174,780. The filing also reports three corresponding derivative disposals of 6,000 shares each at $0 (reported as derivative disposals).

Key Details

  • Transaction date: 2026-05-28 (reported on Form 4 filed 2026-06-01).
  • Transaction type/code: M — exercise or conversion of derivative (options/rights).
  • Shares acquired: 18,000 total (3 tranches of 6,000). Total paid: $174,780.
  • Derivative disposals: three entries of 6,000 shares each at $0 (reported as disposals of derivative instruments).
  • Post-transaction: Footnotes state that following these exercises, no shares remained subject to the director stock option reported and Mr. Averick no longer holds any director stock options. Beneficial ownership is reported in part via a Schedule 13D for Kokino Family Clients (2,250,000 shares reported for those clients); Mr. Averick holds indirect interests through Kokino/Piton and spouse holdings per footnotes.
  • Filing timeliness: Transaction occurred 2026-05-28 and the Form 4 was filed 2026-06-01. Form 4s are generally due within two business days of the transaction, so this filing appears to have been submitted after that window.

Context

  • These were exercises/conversions of derivative securities (code M). The $0 "Disposed" lines reflect the removal/conversion of derivative positions rather than a cash sale of shares; footnotes confirm all related director options were extinguished.
  • Mr. Averick is reported principally in his capacity tied to Kokino Family Clients (institutional/portfolio manager relationships and indirect ownership), not solely as an independent executive trade — note the Schedule 13D disclosure and indirect holdings.
  • For retail investors: exercises indicate the insider converted option/derivative rights into shares; purchases (acquisitions) are generally more informative than routine option exercises, but these entries also show the related derivative instruments were closed out.

Insider Transaction Report

Form 4
Period: 2026-05-28
AMTECH SYSTEMS INCASYS
Averick Robert M
Director10% Owner
Transactions
  • Exercise/Conversion

    Common Stock

    2026-05-28$7.40/sh+6,000$44,400→ 713,341 total
  • Exercise/Conversion

    Common Stock

    2026-05-28$11.51/sh+6,000$69,060→ 719,341 total
  • Exercise/Conversion

    Common Stock

    2026-05-28$10.22/sh+6,000$61,320→ 725,341 total
  • Exercise/Conversion

    Director Stock Option (Right to Buy)

    [F5]
    2026-05-28−6,000→ 0 total
    Exercise: $7.40From: 2018-05-11Exp: 2028-05-11→ Common Stock (6,000 underlying)
  • Exercise/Conversion

    Director Stock Option (Right to Buy)

    [F5]
    2026-05-28−6,000→ 0 total
    Exercise: $11.51From: 2021-03-23Exp: 2031-03-23→ Common Stock (6,000 underlying)
  • Exercise/Conversion

    Director Stock Option (Right to Buy)

    [F5][F6]
    2026-05-28−6,000→ 0 total
    Exercise: $10.22From: 2022-03-02Exp: 2032-03-02→ Common Stock (6,000 underlying)
Holdings

  • Common Stock

    [F1][F2]
    (indirect: See footnote 2 below)
    2,250,000

  • Common Stock

    [F3]
    (indirect: See footnote 3 below)
    11,000

  • Restricted Stock Units

    [F4]
    → Common Stock (2,839 underlying)
    2,839
Footnotes (6)
  • [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]Indicates Common Shares held by Mr. Averick's spouse.
  • [F4]This is the total of all restricted stock units held by Mr. Averick as of the filing date of this Form 4.
  • [F5]Following the reported exercise, no shares remained subject to the director stock option reported on this line.
  • [F6]Following all of the transactions reported on this Form 4, Mr. Averick no longer holds any director stock options (right to buy) of the Issuer.
Signature
/s/ Robert Averick|2026-06-01

Documents

1 file
  • 4
    tm2616096-1_4seq1.xmlPrimary

    OWNERSHIP DOCUMENT