Laurencio Francis 4

What Happened

• Laurencio Francis, Chief Financial Officer of Atomera Inc. (ATOM), exercised options to acquire 21,834 shares at a $5.70 strike (cost $124,454) and the same 21,834 shares were sold in an open-market transaction at $7.25 each for $158,297 on Feb 20, 2026. The filing also shows a $0.00 derivative conversion line common in exercise reporting. This sequence is consistent with an exercise-plus-immediate-sale (cashless) transaction rather than a net purchase.

Key Details

• Transaction date: 2026-02-20.
• Exercise: 21,834 shares acquired via derivative exercise (code M) at $5.70 each; total cash paid $124,454.
• Sale: 21,834 shares sold in open market (code S) at $7.25 each; total proceeds $158,297.
• Additional derivative line: 21,834 shares listed as disposed at $0.00 (reporting artifact for conversion/exercise).
• Shares owned after transaction: not specified in the provided filing summary.
• Filing date: 2026-02-23 — filed within the usual Form 4 deadline (no late filing indicated).

Context

• For retail investors: exercises followed immediately by a sale often reflect a cashless exercise (insider converts options and sells shares to cover the exercise cost and taxes) rather than a new stake-building purchase. The net pre-tax spread on these transactions was about $33,843 (proceeds minus exercise cost), but this does not account for taxes or fees. Derivative code M = exercise/conversion of derivative; S = sale in the open market.