John W. Kosiba JR - Jun 11, 2024 Form 4 Insider Report for AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)

Signature
/s/ John W. Kosiba, Jr.
Stock symbol
AMSC
Transactions as of
Jun 11, 2024
Transactions value $
-$693,750
Form type
4
Date filed
6/12/2024, 09:08 AM
Previous filing
May 23, 2024
Next filing
Sep 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMSC Common Stock Sale -$694K -32K -9.19% $21.68 316K Jun 11, 2024 Direct F1, F2, F3
holding AMSC Common Stock 9.12K Jun 11, 2024 By 401(k) plan F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 6, 2023.
F2 The sales were executed in multiple trades at prices ranging from $21.26-$22.03. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and price at which the transaction was effected.
F3 Following all the transactions reported on this Form 4, the reporting person holds 316,136 shares directly.
F4 Following all the transactions reported on this Form 4, the reporting person holds 9,119 shares indirectly through the company's 401(k) plan as of June 11, 2024.