Jeffrey Rittichier - Mar 23, 2023 Form 4 Insider Report for EMCORE CORP (EMKR)

Role: Chief Executive Officer, Director
Signature: /s/ Ryan Hochgesang, attorney in fact
Stock symbol: EMKR
Transactions as of: Mar 23, 2023
Transactions value $: -$22,630
Form type: 4
Date filed: 3/27/2023, 04:08 PM
Previous filing: Apr 27, 2022
Next filing: Apr 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EMKR	Restricted Stock Units	Award		+217K	+46.51%		684K	Mar 23, 2023	Direct	F1, F2
transaction	EMKR	Common Stock	Tax liability	-$22.6K	-19.7K	-2.88%	$1.15	664K	Mar 23, 2023	Direct	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	EMKR	Performance-Based Restricted Stock Units (PSUs)	Award	$0	+217K		$0.00	217K	Mar 23, 2023	Common Stock	217K		Direct	F4, F5

* 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 a contingent right to receive one share of EMCORE common stock. The RSUs were issued pursuant to the Amended and Restated EMCORE Corporation 2019 Equity Incentive Plan. The RSUs vest as to 1/4 of the underlying shares on each of the first four anniversaries of the grant date, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.
F2	On April 27, 2022, the Reporting Person filed a Form 4 which inadvertently reported that he directly owned 400,134 shares of Common Stock. The Reporting Person directly owned 466,800 shares of Common Stock following the transactions reported on such Form 4.
F3	On March 23, 2021, the Reporting Person was granted 130,000 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date, which grant was previously reported on a Form 4, Table I. The Reporting Person vested in 32,500 shares on March 23, 2023 from this RSU award. The number of shares reported here represents the number of shares required to be withheld in accordance with Rule 16b-3 to cover the Reporting Person's tax withholding obligation in connection with the vesting of the RSUs on March 23, 2023.
F4	Each Performance-Based Restricted Stock Unit (PSU) represents a contingent right to receive one share of EMCORE common stock, based on a threshold average closing share price for EMCORE's common stock, as set by the Compensation Committee of the Board of Directors, during any 30-day period within the three-year period following the grant date.
F5	Either zero (0) or 100% of the PSUs will vest, if at all, on March 23, 2026, subject to the Reporting Person's continued service with the Issuer through such date.