Corby C. Whitaker - 01 Jun 2023 Form 4 Insider Report for ASPEN AEROGELS INC (ASPN)

Role
SVP, Sales and Marketing
Signature
/s/ Virginia H. Johnson, Attorney-in-Fact
Issuer symbol
ASPN
Transactions as of
01 Jun 2023
Net transactions value
$0
Form type
4
Filing time
02 Jun 2023, 16:08:19 UTC
Previous filing
28 Feb 2023
Next filing
08 Sep 2023
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 $0 +16,519 +10% $0.000000 179,684 01 Jun 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 +75,979 $0.000000 75,979 01 Jun 2023 Common Stock 75,979 $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.