Sanfratello Louisa 4

What Happened

• Louisa Sanfratello, Chief Financial Officer of AmpliTech Group, exercised options and executed a same‑day sale on May 28, 2026. She exercised options covering 100,000 shares (transaction code M), resulting in the acquisition of 50,000 shares at a cost basis of $3.52 per share (total ~$176,000). At the same time she disposed of 50,000 shares in an open‑market sale (transaction code S) for a weighted average price of $4.80 per share, generating proceeds of about $240,140.
• The activity includes both an option exercise (a purchase of shares via vested options) and a routine sale of shares; sales to cover exercise costs and tax/fee obligations are common and do not necessarily indicate a change in sentiment.

Key Details

• Transaction date: 2026-05-28; Form 4 filed 2026-05-29 (timely).
• Exercise: 100,000 option shares exercised in total; 50,000 shares acquired at $3.52 each (total ~$176,000).
• Sale: 50,000 shares sold in multiple transactions at a weighted average price of $4.80 (range $4.78–$4.87), proceeds ≈ $240,140.
• Shares owned after the transaction: not disclosed in the provided filing summary.
• Notable footnotes:
  • F1: Options were originally granted on Nov 26, 2021 and were fully vested on grant.
  • F2: Part of the sale reflects the same‑day sale (broker‑assisted cashless exercise) to cover the exercise price, withholding taxes, and broker fees.
  • F3: The reported sale price is a weighted average; the filing notes the issuer can provide the breakdown of individual sale prices on request.
• Transaction codes: M = option exercise/conversion, S = sale, F = tax withholding/settlement (as applicable in footnotes).

Context

• This was essentially a cashless exercise: vested options were exercised and some shares were sold the same day to cover exercise costs and taxes. For retail investors, purchases (option exercises where shares are retained) can be a stronger bullish signal than sales; here the insider both acquired 50,000 shares and sold 50,000 shares in the same event. The filing appears routine and was submitted promptly.