Timothy Brog - 13 Jul 2022 Form 4 Insider Report for Rubicon Technology, Inc. (RBCN)

Role
Chief Executive Officer, Director
Signature
/s/ Timothy E. Brog
Issuer symbol
RBCN
Transactions as of
13 Jul 2022
Net transactions value
-$100,521
Form type
4
Filing time
15 Jul 2022, 16:59:28 UTC
Previous filing
29 Dec 2021
Next filing
19 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBCN Common Stock Options Exercise $0 +12,500 +12% $0.000000 116,100 13 Jul 2022 Direct F1
transaction RBCN Common Stock Tax liability $100,521 -6,346 -5.5% $15.84 109,754 13 Jul 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 28, 2021, the reporting person was granted 25,000 restricted stock units ("RSUs"). One half of such RSUs would vest if prior to December 28, 2025 the 15-trading day average closing price of the Company's common stock is greater than or equal to the target prices of $12.00 and $13.00, respectively. On July 13, 2022, 12,500 of such RSUs vested based upon their terms.
F2 As permitted under the Company's 2016 Stock Incentive Plan, on July 13, 2022, the Company withheld 6,346 shares of common stock from the reporting person to pay certain Medicare, Income Withholding and other payroll taxes in connection with the vesting of such RSUs