AmpliTech (AMPG) COO Jorge Flores Exercises Rights for 1,000 Shares
$AMPG · AmpliTech Group, Inc.Research Summary
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AmpliTech (AMPG) COO Jorge Flores Exercises Rights for 1,000 Shares
What Happened
Jorge Luis Flores, Chief Operating Officer of AmpliTech Group, exercised Series A rights on July 22, 2026, converting those rights into 1,000 common shares at $5.00 per share for a total cash cost of $5,000. The filing shows a corresponding disposition of 1,000 derivative rights (the rights were surrendered/converted as part of the exercise).
Key Details
- Transaction date: July 22, 2026. Exercise price: $5.00 per share. Total paid: $5,000.
- Reported as derivative exercise (transaction code M) with a simultaneous disposition of the rights used to acquire the shares.
- Shares owned after transaction: not specified in the provided filing details.
- Footnote F1: Flores acquired the Series A Rights on Jan 14, 2026; the closing for the Series A Rights occurred July 22, 2026. The footnote states that shares acquired upon exercise of the Series A Rights are exempt under Rule 16b-3.
- Footnote F2: Any unexercised Series A Rights expired on July 18, 2026.
- Filing date: July 24, 2026 — filed within the typical 2-business-day Form 4 window (timely).
Context
This was an exercise/conversion of rights into common stock (a purchase of shares), not an open-market buy or sale. The filing shows both the acquisition of shares and the disposition of the underlying rights (i.e., the rights were surrendered on conversion). The position size and cash outlay are modest ($5,000), and the footnote about Rule 16b-3 indicates the issuer treats these exercised shares as exempt under that rule.