Gregg Landes - 23 Feb 2022 Form 4 Insider Report for ASPEN AEROGELS INC (ASPN)

Role: SVP, Operations and Strat Dev
Signature: /s/ Poongunran Muthukumaran, Attorney-in-Fact
Issuer symbol: ASPN
Transactions as of: 23 Feb 2022
Net transactions value: +$102,925
Form type: 4
Filing time: 25 Feb 2022, 18:12:49 UTC
Previous filing: 04 Aug 2021
Next filing: 01 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASPN	Common Stock	Award	$112,495	+4,279	+7.4%	$26.29	62,446	23 Feb 2022	Direct	F1, F2
transaction	ASPN	Common Stock	Tax liability	$9,570	-330	-0.53%	$29.00	62,116	24 Feb 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	+22,408		$0.000000	22,408	23 Feb 2022	Common Stock	22,408	$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 39,563 shares of Common Stock and 22,883 RSUs.
F3	Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of Restricted Stock Units.
F4	Represents 40,183 shares of Common Stock and 21,933 RSUs.
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.