LOSH J MICHAEL 4
Research Summary
AI-generated summary
Amesite (AMST) Director Losh J. Michael Receives Award
What Happened
- Losh J. Michael, a member of the board of directors of Amesite Inc. (AMST), was granted 7,880 restricted stock units (reported as deferred stock units) on 2026-03-31. The Form 4 lists the transaction as an award/grant (code A) with a reported price of $0.00 and aggregate value $0 (derivative grant rather than a cash or open-market purchase).
- This grant was issued in lieu of cash compensation for director services and does not reflect an immediate cash payment or open-market buy or sell.
Key Details
- Transaction date: 2026-03-31; reported price: $0.00; amount: 7,880 RSUs (derivative).
- Filing date / timeliness: Form 4 filed 2026-04-01 (timely relative to the reported transaction).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: F1 — each RSU is a contingent right to one AMST share and/or the cash equivalent; F2 — units were issued as deferred stock units in lieu of cash and were calculated using the closing share price on the last day of the quarter; settlement occurs upon completion of board service or earlier change in control.
- Transaction code: A (award/grant); no sale or open-market purchase reported.
Context
- These deferred RSUs are a form of compensation; they are contingent and will convert to shares or cash later (typically when the director leaves the board or upon a change in control). Such awards are routine director compensation and do not necessarily signal the insider’s near-term trading intent.