Virginia Johnson - Jun 1, 2023 Form 4 Insider Report for ASPEN AEROGELS INC (ASPN)

Role
CLO, GC and Secretary
Signature
/s/ Virginia H. Johnson
Stock symbol
ASPN
Transactions as of
Jun 1, 2023
Transactions value $
-$4,221
Form type
4
Date filed
6/5/2023, 04:05 PM
Previous filing
Jun 6, 2022
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 +27.74% $0.00 76.1K Jun 1, 2023 Direct F1
transaction ASPN Common Stock Tax liability -$4.22K -583 -0.77% $7.24 75.5K Jun 2, 2023 Direct F2, F3

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 F4
* 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 Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of RSUs.
F3 Represents 1,402 shares of Common Stock, 20,489 RSUs and 53,590 shares of Restricted Common Stock.
F4 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.