Bobby Gulati - 01 Jan 2025 Form 4 Insider Report for Ascent Solar Technologies, Inc. (ASTI)

Signature
/s/ Bobby Gulati
Issuer symbol
ASTI
Transactions as of
01 Jan 2025
Net transactions value
-$152
Form type
4
Filing time
03 Jan 2025, 16:28:02 UTC
Previous filing
21 Oct 2024
Next filing
04 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASTI Common Stock Tax liability $152 -49 -13% $3.10 328 01 Jan 2025 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 425 (adjusted for a 1 share for 100 reverse stock split effected on August 14, 2024) 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 49 shares withheld by the Issuer to satisfy tax withholding obligations related to an RSU vest on 1/1/2025.