Corby C. Whitaker - Jun 1, 2023 Form 4 Insider Report for ASPEN AEROGELS INC (ASPN)

Role
SVP, Sales and Marketing
Signature
/s/ Virginia H. Johnson, Attorney-in-Fact
Stock symbol
ASPN
Transactions as of
Jun 1, 2023
Transactions value $
$0
Form type
4
Date filed
6/2/2023, 04:08 PM
Previous filing
Feb 28, 2023
Next filing
Sep 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPN Common Stock Award $0 +16.5K +10.12% $0.00 180K Jun 1, 2023 Direct F1, 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 Options (Right to Buy) Award $0 +76K $0.00 76K Jun 1, 2023 Common Stock 76K $6.81 Direct F3
* 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 March 8, 2024, an additional one-third of the shares on March 8, 2025 and the remaining one-third of the shares on March 8, 2026.
F2 Represents 105,772 shares of Common Stock, 20,322 RSUs and 53,590 shares of Restricted Stock.
F3 The options vest as to one-third of the shares on March 8, 2024, an additional one-third of the shares on March 8, 2025 and the remaining one-third of the shares on March 8, 2026.

Remarks:

Power of Attorney is attached hereto as Exhibit 24.