Donald R. Young - Feb 23, 2022 Form 4 Insider Report for ASPEN AEROGELS INC (ASPN)

Role
President and CEO, Director
Signature
/s/ Poongunran Muthukumaran, Attorney-in-Fact
Stock symbol
ASPN
Transactions as of
Feb 23, 2022
Transactions value $
$228,619
Form type
4
Date filed
2/25/2022, 06:09 PM
Previous filing
Nov 3, 2021
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPN Common Stock Award $250K +9.51K +1.59% $26.29 608K Feb 23, 2022 Direct F1, F2
transaction ASPN Common Stock Tax liability -$21.4K -737 -0.12% $29.00 608K Feb 24, 2022 Direct F3, 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 ASPN Stock Option (Right to Buy) Award $0 +49.8K $0.00 49.8K Feb 23, 2022 Common Stock 49.8K $26.29 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents the right to receive one share of Common Stock upon vesting. The RSUs vest as to one-third of the shares on February 23, 2023, an additional one-third of the shares on February 23, 2024 and the remaining one-third of the shares on February 23, 2025.
F2 Represents 82,882 shares of Common Stock, 63,833 RSUs and 461,616 Restricted Stock.
F3 Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of Restricted Stock Units.
F4 Represents 84,580 shares of Common Stock, 61,398 RSUs and 461,616 Restricted Stock.
F5 The options vest as to one-third of the shares on February 23, 2023, and additional one-third of the shares on February 23, 2024 and the remaining one-third of the shares on February 23, 2025.