Laurencio Francis 4

What Happened
Laurencio Francis, Chief Financial Officer of Atomera (ATOM), exercised stock options to acquire a total of 20,400 shares on June 15, 2026 and then sold those shares in the open market the same day. He acquired 1,500 shares at $3.90, 6,400 shares at $5.64, and 12,500 shares at $7.01, paying $129,571 in aggregate. Those 20,400 shares were sold at $9.44 each for total proceeds of $192,576. The filing also lists related derivative dispositions at $0.00 for the same tranches, consistent with option conversion/settlement mechanics.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (filed within standard 2 business days).
• Exercise (code M) tranches: 1,500 @ $3.90 ($5,850); 6,400 @ $5.64 ($36,096); 12,500 @ $7.01 ($87,625). Total exercised cost = $129,571.
• Sales (code S) tranches: 1,500 @ $9.44 ($14,160); 6,400 @ $9.44 ($60,416); 12,500 @ $9.44 ($118,000). Total proceeds = $192,576.
• Net cash from the transactions ≈ $63,005 (proceeds minus exercise cost).
• Filing shows derivative dispositions at $0.00 for the same share amounts (typically reflects option settlement or share withholding).
• Shares owned after the transactions are not reported in the provided filing details.

Context
This is a typical cashless exercise: the CFO exercised options and immediately sold the resulting shares, a routine way to realize value from option grants. Such sales following exercises are common and do not alone indicate the insider’s long-term view. Purchases (direct buys) generally carry more interpretive weight for bullish signals; here the net effect was an option exercise followed by sale.