Laurencio Francis 4
4 · Atomera Inc · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Atomera (ATOM) CFO Laurencio Francis Sells Shares
What Happened Laurencio Francis, Chief Financial Officer of Atomera Inc. (ATOM), sold a total of 6,610 shares in open-market transactions on June 1, 2026, generating gross proceeds of $62,908. The sales were executed in four tranches at prices of $9.51–$9.52 per share and were reported on a Form 4 filed June 2, 2026. These transactions are sales (S) and represent routine sell-to-cover activity related to tax withholding on previously granted restricted stock.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (no late filing indicated).
- Individual trades:
- 899 shares @ $9.51 → $8,549
- 2,555 shares @ $9.52 → $24,324
- 2,119 shares @ $9.52 → $20,173
- 1,037 shares @ $9.51 → $9,862
- Total: 6,610 shares sold for $62,908.
- Shares owned after transaction: Not disclosed in the filing.
- Footnote: The filing states these shares were sold to satisfy mandatory tax withholding on vested restricted stock ("sell to cover") pursuant to Rule 10b5‑1(c)(1)(ii)(D)(3).
Context Sell-to-cover transactions to satisfy tax withholding are common and typically procedural; they do not necessarily signal the insider’s view of the company’s prospects. For retail investors, purchases tend to be a stronger signal than routine sales for tax purposes. This filing documents a routine tax-related sale by the CFO rather than an opportunistic open-market divestiture.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-01$9.51/sh−899$8,549→ 259,064 total - Sale
Common Stock
[F1]2026-06-01$9.52/sh−2,555$24,324→ 256,509 total - Sale
Common Stock
[F1]2026-06-01$9.52/sh−2,119$20,173→ 254,390 total - Sale
Common Stock
[F1]2026-06-01$9.51/sh−1,037$9,862→ 253,353 total
Footnotes (1)
- [F1]Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting ofrestricted stock grants that were previously reported. This sale is to satisfy mandatory non-discretionary tax withholding obligations by a "sell to cover" transaction pursuant to Rule 10b5-l(c)(l)(ii)(D)(3) under the Exchange Act.