Spring Creek Capital Llc - May 2, 2022 Form 4 Insider Report for ASPEN AEROGELS INC (ASPN)

Role: 10%+ Owner
Signature: Spring Creek Capital, LLC /s/ Raffaele G. Fazio, Vice President and Secretary
Stock symbol: ASPN
Transactions as of: May 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/3/2022, 04:19 PM
Previous filing: Apr 18, 2022
Next filing: Jan 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASPN	Common Stock	Other	$0	-3.46M	-100%	$0.00^*	0	May 2, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Spring Creek Capital Llc is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On May 2, 2022, Spring Creek Capital, LLC ("Spring Creek") transferred 3,462,124 shares of common stock of Aspen Aerogels Inc. (the "Issuer") to Wood River Capital, LLC ("Wood River"). Each of Spring Creek and Wood River are indirectly beneficially owned by Koch Industries, Inc. Beneficial ownership is presented excluding non-voting preferred equity securities. No consideration was paid by Wood River to Spring Creek in connection with this transfer.

Content

On May 2, 2022, Spring Creek Capital, LLC ("Spring Creek") transferred 3,462,124 shares of common stock of Aspen Aerogels Inc. (the "Issuer") to Wood River Capital, LLC ("Wood River"). Each of Spring Creek and Wood River are indirectly beneficially owned by Koch Industries, Inc. Beneficial ownership is presented excluding non-voting preferred equity securities. No consideration was paid by Wood River to Spring Creek in connection with this transfer.