Michael E. McCormack - 21 Jul 2023 Form 4 Insider Report for CPS TECHNOLOGIES CORP/DE/ (CPSH)

Reporting relationship: former CEO
Issuer ticker: CPSH
Reported as of: 21 Jul 2023
Net transaction value: -$138,201
SEC form: 4
Accepted by SEC: 24 Jul 2023, 11:07:39 UTC
Prior SEC filing: 05 Aug 2022
Source filing: View source filing
Reporting owner signature: Michael McCormack

Key filing fact

Michael E. McCormack filed Form 4 for CPS TECHNOLOGIES CORP/DE/ (CPSH) on 24 Jul 2023.

Key facts

This page summarizes Michael E. McCormack's Form 4 filing for CPS TECHNOLOGIES CORP/DE/ (CPSH).
5 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 24 Jul 2023, 11:07.

Change

Previous filing in this sequence was filed on 05 Aug 2022.
Current net transaction value: -$138,201.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CPSH transaction

Common Stock

Options Exercise

Transaction value: $109,200
Shares: +40,000
Change %: +100%
Price: $2.73
Shares after: 80,000
Date: 21 Jul 2023
Ownership: Direct

CPSH transaction

Common Stock

Options Exercise

Transaction value: $29,000
Shares: +10,000
Change %: +12%
Price: $2.90
Shares after: 90,000
Date: 21 Jul 2023
Ownership: Direct

CPSH transaction

Common Stock

Tax liability

Transaction value: $138,201
Shares: -47,329
Change %: -53%
Price: $2.92
Shares after: 42,671
Date: 21 Jul 2023
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CPSH transaction Derivative

Common Stock Options

Options Exercise

Transaction value: $109,200
Shares: -40,000
Change %: -80%
Price: $2.73
Shares after: 10,000
Date: 21 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 40,000
Exercise price: $2.73

CPSH transaction Derivative

Common Stock Options

Options Exercise

Transaction value: $29,000
Shares: -10,000
Change %: -100%
Price: $2.90
Shares after: 0
Date: 21 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,000
Exercise price: $2.90

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Michael E. McCormack is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

SEC remarks

185,000 unvested options forfeited upon termination of employment

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