JOLCOVER SCOTT 4
Research Summary
AI-generated summary
American Battery (ABAT) Former CRO Scott Jolcover Receives Award
What Happened
Scott Jolcover, the company's former Chief Resource Officer, was issued/received 8,333 shares of common stock as a vesting award on April 20, 2026. The reported acquisition price is $0.00, so no cash was paid for these shares (total reported value $0). This was an award/vesting event (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-20; Form 4 filed: 2026-04-22 (appears timely — filed within two business days).
- Transaction type: Award/Grant (A) — 8,333 shares acquired at $0.00.
- Shares owned after transaction: not specified in the provided filing.
- Footnote: The shares represent vesting of previously awarded common stock under the company's equity plan; the vesting schedule was amended by a Jan 26, 2026 consulting agreement between the company and Hard Rock Nevada, Inc. (see footnote F1).
- No indication of sale, gift, tax withholding, or exercise in this filing.
Context
This was a vesting of previously granted equity rather than a purchase or sale. Vesting awards are routine compensation events and do not by themselves signal insider buying or selling intent. The footnote indicates the vesting timing was altered by a consulting agreement, which explains why the award vested on this date.