Paul P. Warley - 12 Dec 2022 Form 4 Insider Report for Ascent Solar Technologies, Inc. (ASTI)

Role: Chief Financial Officer
Signature: /s/ Paul P. Warley
Issuer symbol: ASTI
Transactions as of: 12 Dec 2022
Net transactions value: $0
Form type: 4
Filing time: 12 Dec 2022, 15:05:19 UTC
Next filing: 02 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASTI	Common Stock	Award	$0	+700,000		$0.000000	700,000	12 Dec 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The shares reported are restricted stock units ("RSUs") granted 12/12/2022. Each RSU represents a contingent right to receive one share of ASTI common stock.
F2	20% of the RSUs are fully vested upon grant. The remaining 80% of the RSUs shall vest in equal monthly increments over the next thirty-six months. Any outstanding and unvested RSUs will accelerate and fully vest upon the earlier of (i) a change of control and (ii) the termination of the reporting person's employment for any reason other than (x) by the Company for cause or (y) by the reporting person without good reason. The RSUs shall be settled in eight (8) equal increments on the last business day of each calendar quarter beginning with the initial settlement date of December 31, 2024. Notwithstanding the foregoing, any RSUs that are then outstanding and vested will accelerate and be settled upon the earlier of (i) a change of control and (ii) the termination of Mr. Warley's employment for any reason other than (x) by the Company for cause or (y) by Mr. Warley without good reason.

Content

The shares reported are restricted stock units ("RSUs") granted 12/12/2022. Each RSU represents a contingent right to receive one share of ASTI common stock.

20% of the RSUs are fully vested upon grant. The remaining 80% of the RSUs shall vest in equal monthly increments over the next thirty-six months. Any outstanding and unvested RSUs will accelerate and fully vest upon the earlier of (i) a change of control and (ii) the termination of the reporting person's employment for any reason other than (x) by the Company for cause or (y) by the reporting person without good reason. The RSUs shall be settled in eight (8) equal increments on the last business day of each calendar quarter beginning with the initial settlement date of December 31, 2024. Notwithstanding the foregoing, any RSUs that are then outstanding and vested will accelerate and be settled upon the earlier of (i) a change of control and (ii) the termination of Mr. Warley's employment for any reason other than (x) by the Company for cause or (y) by Mr. Warley without good reason.