Maqbool Fawad 4
4 · AmpliTech Group, Inc. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
AmpliTech (AMPG) CEO Maqbool Fawad Exercises Options, Receives Award
What Happened
Maqbool Fawad, CEO of AmpliTech Group, filed a Form 4 reporting two acquisitions on January 30, 2026: he acquired 50,000 shares by exercise/conversion of a derivative at $3.04 per share (total cost $152,000), and he received a separate 200,000-share equity grant under the company’s equity incentive plan.
Key Details
- Transaction date: 2026-01-30. Form 4 filed: 2026-02-03 (timely per two-business-day rule).
- 50,000 shares acquired via exercise/conversion at $3.04/share = $152,000 (code M).
- 200,000-share grant reported as an award/acquisition (code A); no immediate per-share price listed.
- Footnotes: F1 indicates a grant of 50,000 restricted stock units that vested immediately. F2 indicates a grant of incentive stock options for 200,000 shares that vest 25% after one year, then the remaining 75% in 36 equal monthly installments, subject to continued service.
- Shares owned after these transactions: not disclosed in the provided excerpt.
- No sale, cashless exercise, tax withholding, 10b5-1 plan, or other disposition noted in the filing excerpt.
Context
The filing combines an exercise/acquisition and new equity grants. RSUs that vest immediately become ordinary shares (no exercise required), while incentive stock options require vesting/service to become exercisable. This filing does not show any immediate sale of the shares acquired, and the 200,000-option grant is subject to multi-year vesting. As always, insider purchases/exercises are factual data points about ownership changes but do not prove future company performance.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-01-30$3.04/sh+50,000$152,000→ 2,713,864 total - Award
Stock Option (right to buy)
[F2]2026-01-30+200,000→ 200,000 totalExercise: $3.04Exp: 2036-01-30→ Common Stock (200,000 underlying)
Footnotes (2)
- [F1]Represents the grant of fifty thousand (50,000) restricted stock units under the 2020 Amended and Restated Equity Incentive Plan, as amended (the "Plan") pursuant to the Executive Employment Agreement with the Issuer, which vested immediately upon grant.
- [F2]Represents a grant of incentive stock option under the Plan pursuant to the Executive Employment Agreement ("Options"). The. Options are subject to service-based vesting with twenty-five percent (25%) of the shares underlying the Options vesting on the first anniversary of the date of grant and the remaining seventy-five percent (75%) vesting in thirty-six (36) equal monthly installments so long as the Reporting Person remains in continuous employment or service with the Issuer.