Averick Robert M 4

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.