Ajay K. Amlani - 12 Jun 2025 Form 4 Insider Report for AWARE INC /MA/ (AWRE)

Signature
/s/ Ajay Amlani
Issuer symbol
AWRE
Transactions as of
12 Jun 2025
Net transactions value
+$17,000
Form type
4
Filing time
16 Jun 2025, 16:14:25 UTC
Previous filing
12 Jun 2025
Next filing
02 Sep 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Amlani Ajay K President & CEO, Director 76 BLANCHARD ROAD, BURLINGTON /s/ Ajay Amlani 16 Jun 2025 0002054667

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AWRE Common Stock Purchase $17,000 +10,000 +2.3% $1.70 450,273 12 Jun 2025 Direct
transaction AWRE Common Stock Award $0 +354,600 +79% $0.000000 804,873 13 Jun 2025 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an amendment of his employment agreement, Mr. Amlani and Aware agreed that Mr. Amlani's base salary for the period from January 1, 2026 through December 31, 2027 will be paid 25% in cash and 75% in restricted stock units of the Company. Accordingly, on June 13, 2025, Aware granted Mr. Amlani an award of restricted stock units with a fair value of $600,000 and representing the right to receive 354,600 shares of common stock of Aware. The value of such restricted stock units was based on the average closing price of Aware's common stock as reported by Nasdaq on the five consecutive trading days ending on the date such restricted stock units were granted. Such restricted stock units will vest in twenty-four equal monthly installments on the 16th day of each month with the first vesting to occur on January 16, 2026 and with the final vesting to occur on December 16, 2027.