Bobby Gulati - Mar 31, 2024 Form 4 Insider Report for Ascent Solar Technologies, Inc. (ASTI)

Role
Chief Operating Officer
Signature
/s/ Bobby Gulati
Stock symbol
ASTI
Transactions as of
Mar 31, 2024
Transactions value $
-$1,926
Form type
4
Date filed
6/11/2024, 07:49 PM
Previous filing
Jan 19, 2024
Next filing
Aug 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASTI Common Stock Tax liability -$1.93K -4.89K -11.5% $0.39 37.6K Mar 31, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 42,500 of the previously shares reported are restricted stock units ("RSUs") granted 1/17/2024. Each RSU represents a contingent right to receive one share of ASTI common stock.
F2 One third of the RSU's will vest on each of 3/31/2024, 1/1/2025 and 1/1/2026. Any outstanding and unvested RSU's will accelerate and fully vest upon the earlier of (i) a change of control or (ii) the termination of Mr. Gulati's employment for any reason other than (x) by the Company for cause or (y) by Mr. Gulati without good reason.
F3 Reflects 4,888 shares withheld by the Issuer to satisfy tax withholding obligations related to an RSU vest on 3/31/2024.