Robert M. Gervis - Jun 2, 2022 Form 4 Insider Report for ASPEN AEROGELS INC (ASPN)

Role: Director
Signature: /s/ Poongunran Muthukumaran, Attorney-in-Fact
Stock symbol: ASPN
Transactions as of: Jun 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/6/2022, 07:06 PM
Previous filing: Mar 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASPN	Common Stock	Award	$0	+2.7K	+0.77%	$0.00	355K	Jun 2, 2022	Direct	F1
holding	ASPN	Common Stock						72.5K	Jun 2, 2022	Held by Robert Gervis 2014 Grantor Retained Annuity Trust	F2

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	+3.18K		$0.00	3.18K	Jun 2, 2022	Common Stock	3.18K	$18.89	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The reporting person was granted restricted shares of common stock representing a portion of the annual grant of equity for service as a non-employee director pursuant to the Issuer's Non-Employee Director Compensation Policy. These restricted shares will vest on the earlier of (a) June 2, 2023, or (b) the day prior to the Issuer's annual meeting of stockholders to be held in 2023.
F2	Represents shares held by the Robert Gervis 2014 Grantor Retained Annuity Trust, of which the reporting person is a beneficiary and his spouse is trustee.
F3	The reporting person was granted options representing the remaining portion of the annual grant of equity for service as a non-employee director pursuant to the Issuer's Non-Employee Director Compensation Policy. The options will vest on the earlier of (a) June 2, 2023, or (b) the day prior to the Issuer's annual meeting of stockholders to be held in 2023.