Reynolds T. Forrest - 15 Dec 2025 Form 4 Insider Report for Ascent Solar Technologies, Inc. (ASTI)

Role: Director
Signature: /s/ Forrest T. Reynolds
Issuer symbol: ASTI
Transactions as of: 15 Dec 2025
Transactions value $: $97,068
Form type: 4
Filing time: 19 Dec 2025, 20:45:01 UTC
Previous filing: 04 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Forrest Reynolds T.	Director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON	/s/ Forrest T. Reynolds	19 Dec 2025	0001948054

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASTI	Common Stock	Conversion of derivative security	$97.1K	+38.8K	+4661.1%	$2.50	39.7K	15 Dec 2025	Direct	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ASTI	Series 1C Convertible Preferred Stock	Conversion of derivative security	$0	-89	-59.33%	$0.00	61	15 Dec 2025	Common Stock		$2.50	Direct	F1, F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	On October 17, 2024, the Reporting Person entered into a securities purchase agreement to purchase up to 965 shares of the Company's newly issued Series 1C convertible preferred stock at a purchase price of $1,000 per Series 1C preferred share. The parties only closed on the purchase of 150 Series 1C preferred shares. The stated value and accrued dividends on Series 1C preferred shares is convertible into common stock beginning on 4/18/2025 at a conversion price of $2.50 per common share.
F2	The Series 1C preferred stock is perpetual and therefore has no expiration date.
F3	Each Series 1C share has a Stated Value of $1,000. The Stated Value (and accrued dividends thereon) are convertible into shares of common stock based at the conversion price of $2.50 per common share.
F4	On 12/15/2025, the Reporting Person converted 89 shares of Series 1C preferred stock (including accrued dividends thereon) into an aggregate 38,827 shares of common stock.