Thoele Grant Douglas 4

What Happened

• Grant Thoele, CFO and Treasurer of Aspen Aerogels (ASPN), received equity awards on 2026-03-04: 55,298 shares reported as acquired (price $0.00) and a derivative award of 74,893 units (price $0.00). These are awards/grants (not open-market purchases).
• On 2026-03-05, 2,368 shares were disposed of (withheld) at $3.27 per share to satisfy tax withholding obligations, yielding $7,743. This disposal was a tax withholding, not a market sale for investment reasons.

Key Details

• Transaction dates/prices: Grants on 2026-03-04 (55,298 shares @ $0.00; 74,893 derivative units @ $0.00). Tax withholding on 2026-03-05: 2,368 shares @ $3.27 (total $7,743).
• Filing: Form 4 filed 2026-03-06 reporting transactions occurring 2026-03-04–03-05 — appears timely.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: RSUs vest one-third on each of Mar 4, 2027; Mar 4, 2028; and Mar 4, 2029.
  • F2: The 2,368-share disposal was shares withheld by the company to satisfy minimum statutory tax withholding on RSU vesting.
  • F3: The filing notes representations of 9,014 shares of Common Stock and 69,308 RSUs within the reported amounts.
  • F4: Any related options vest one-third on each of Mar 4, 2027/2028/2029 (if applicable).

Context

• These transactions are award-based compensation (RSUs/derivatives) — routine for executives and not the same signal as an open-market purchase or sale.
• The small share withholding to cover taxes is a common administrative step when RSUs vest and does not necessarily indicate a bearish or bullish view by the insider.