Katzman James C 4
4 · Applied Aerospace & Defense, Inc. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
AADX Director James C. Katzman Buys 25,000 Shares, Receives RSUs
What Happened James C. Katzman, a director of Applied Aerospace & Defense, Inc. (AADX), reported two transactions on June 4, 2026. He purchased 25,000 shares in an open market/private purchase at $20.00 per share for a total cash outlay of $500,000 (code P). He also received a grant of 4,250 Restricted Share Units (RSUs) with a reported grant value of $85,000 (4,250 RSUs × $20.00) (code A). The purchase is a direct acquisition of common stock; the RSUs are a non‑immediate award that vests later.
Key Details
- Transaction date: June 4, 2026. Filing date/period of report: June 4, 2026 (Accession 0001193125-26-257841).
- Open-market/private purchase: 25,000 shares at $20.00 each, total $500,000. (Code P)
- Award/grant: 4,250 RSUs at $20.00 each, grant value $85,000. (Code A)
- Shares owned after the transactions: not specified in the supplied filing details.
- Footnote F1 (RSUs): Each RSU represents the contingent right to one share upon vesting; RSUs vest on the first anniversary of the grant or the day before the next Annual Meeting if sooner, subject to continuous board service; vested RSUs will be settled in shares within 30 days of vesting.
- Footnote F2 (purchase): Shares were purchased under the directed share program in connection with the issuer's initial public offering.
- No late filing indication provided in the supplied information (filing and transaction dates are the same).
Context RSUs are not immediately issued shares — they convert to common stock only upon vesting and fulfillment of service conditions described in the footnote. The 25,000-share purchase was a straight acquisition of common stock (not an option exercise or sale). Purchases by insiders are often watched by investors as a potential indicator of confidence, but this summary is purely factual and does not speculate on motives.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-04$20.00/sh+4,250$85,000→ 4,250 total - Purchase
Common Stock
[F2]2026-06-04$20.00/sh+25,000$500,000→ 29,250 total
Footnotes (2)
- [F1]The reported securities represent Restricted Share Units ("RSUs") granted to the Reporting Person on June 4, 2026 (the "Date of Grant"). Each RSU represents the contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs will vest on the first anniversary of the Date of Grant, provided that the RSUs shall become fully vested as of the day immediately preceding the next Annual Meeting, if sooner (the earlier of such dates, the "Vesting Date"). Vesting of the RSUs is subject in all cases to the Reporting Person's continuous service to the Company as a member of the Board of Directors from the Date of Grant through the Vesting Date. With respect to each vested RSU, the Reporting Person shall receive one share of Common Stock Share within 30 days following the date on which an RSU becomes vested.
- [F2]The reported securities represent shares of common stock purchased by the reporting person under the directed share program in connection with the Issuer's initial public offering.