West Eric 4

What Happened

• Eric West, Chief Financial Officer of Aqua Metals, had 1,214 shares withheld/returned to the plan to cover the tax liability from the February 24, 2026 vesting of a previously reported restricted share grant. The shares were valued at $4.76 each, for a total withholding value of $5,779. This is a tax-withholding disposition (transaction code F), not an open-market sale or a purchase.

Key Details

• Transaction date: February 24, 2026; withholding price: $4.76 per share; shares withheld: 1,214; total value: $5,779.
• Filing date: February 26, 2026 (timely filing for a Feb 24 transaction).
• Footnote F1: confirms shares were withheld to satisfy tax liabilities from the vesting of a previously reported restricted share grant.
• Footnote F2: filing notes 34,840 shares underlying restricted stock units (RSUs) that are not yet vested/deliverable.
• Transaction type: F = tax withholding (routine), not a directional bet on the stock.

Context

• Tax-withholding dispositions are common when restricted shares or RSUs vest; they reduce the insider’s issued shares but are not equivalent to a discretionary sale signaling investment intent.
• For investors, purchases and open-market sales typically provide clearer signals than withholding events tied to tax obligations.