George L. Gould - 23 Feb 2022 Form 4 Insider Report for ASPEN AEROGELS INC (ASPN)

Role
Chief Technology Officer
Signature
/s/ Poongunran Muthukumaran, Attorney-in-Fact
Issuer symbol
ASPN
Transactions as of
23 Feb 2022
Net transactions value
+$54,487
Form type
4
Filing time
25 Feb 2022, 18:15:26 UTC
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 $62,491 +2,377 +2.5% $26.29 95,657 23 Feb 2022 Direct F1, F2
transaction ASPN Common Stock Tax liability $8,004 -276 -0.29% $29.00 95,381 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 +12,448 $0.000000 12,448 23 Feb 2022 Common Stock 12,448 $26.29 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

George L. Gould is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 75,559 shares of Common Stock and 20,098 RSUs.
F3 Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of Restricted Stock Units.
F4 Represents 76,077 shares of Common Stock and 19,304 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.