J. Michael Losh - Sep 28, 2021 Form 4 Insider Report for Amesite Inc. (AMST)

Role
Director
Signature
/s/ J. Michael Losh
Stock symbol
AMST
Transactions as of
Sep 28, 2021
Transactions value $
$0
Form type
4
Date filed
4/4/2022, 07:48 PM
Previous filing
Aug 19, 2021
Next filing
Oct 18, 2021

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 AMST Stock option (right to buy) Award $0 +9.18K $0.00 9.18K Sep 28, 2021 Common Stock 9.18K $1.78 J. Michael Losh Irrevocable Qualified Annuity Trust #7 F1
transaction AMST Restricted Stock Units Award $0 +175K $0.00 175K Mar 31, 2022 Common Stock 175K J. Michael Losh Irrevocable Qualified Annuity Trust #7 F2, F3
transaction AMST Restricted Stock Units Award $0 +102K $0.00 102K Mar 31, 2022 Common Stock 102K J. Michael Losh Irrevocable Qualified Annuity Trust #7 F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option fully vests on the one-year anniversary of the date of grant.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMST common stock and/or the cash equivalent of such share.
F3 The RSUs vest over one year, with 100% vesting on the first anniversary date of the grant.
F4 The reported securities were issued as "deferred stock units" in lieu of cash compensation earned for services as a director, and the number of deferred stock units received was calculated based on the closing share price on the last day of the quarter. The deferred stock units or cash equivalent will be issued to the reporting person upon completion of service as a member of the board of directors or, if earlier, a change in control.