SONO TEK (SOTK) Director Christopher Coccio Receives 17,986-Share Award
$SOTK · SONO TEK CORPResearch Summary
AI-generated summary of this SEC filing
SONO TEK (SOTK) Director Christopher Coccio Receives 17,986-Share Award
What Happened
Christopher L. Coccio, a director of SONO TEK CORP (SOTK), was granted 17,986 derivative shares on 2026-08-20 at an implicit price of $5.35 per share, for an aggregate value of approximately $96,225. The Form 4 records this as an award/grant (code A) — an acquisition of derivative securities rather than a sale.
Key Details
- Transaction date: 2026-08-20; Filing date: 2026-08-24 (appears timely, filed within the standard two business-day window).
- Grant: 17,986 derivative shares at $5.35 per share; aggregate value ≈ $96,225.
- Transaction type/code: Award/Grant (A) of derivative securities.
- Shares owned after transaction: Not specified in the excerpt provided.
- No footnotes, 10b5-1 plan, or tax-withholding details were provided in the information supplied.
Context
A derivative award typically means an equity-based grant (e.g., restricted stock units or options) that can convert into common stock under later conditions; the filing does not specify vesting, exercisability, or immediate sale. Awards are commonly part of compensation for directors and do not themselves indicate trading sentiment; subsequent Form 4 filings (e.g., upon exercise or sale) will show when/if the derivative securities convert to common shares and are sold.