Matthew Vargas - 14 Jun 2024 Form 4 Insider Report for EMCORE CORP

Role
Interim CEO
Signature
/s/ Ryan Hochgesang, as attorney-in-fact
Issuer symbol
N/A
Transactions as of
14 Jun 2024
Net transactions value
-$37.02
Form type
4
Filing time
18 Jun 2024, 17:12:24 UTC
Previous filing
17 May 2024
Next filing
12 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EMKR Restricted Stock Units Award +215,517 +6521% 218,822 14 Jun 2024 Direct F1
transaction EMKR Common Stock Tax liability $37.02 -43 -0.02% $0.8610 218,779 15 Jun 2024 Direct F2
* 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 all of the underlying shares on the first anniversary of the grant date, subject to the Reporting Person's continued service with the Issuer through the vesting date.
F2 On June 15, 2023, the Reporting Person was granted 480 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date, which grant was previously reported on a Form 3, Table I. The Reporting Person vested in 120 shares on June 15, 2024 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 June 15, 2024.

Remarks:

The securities reported on this Form 4 have been adjusted to reflect the 10-for-1 reverse stock split of EMCORE common stock which became effective on April 1, 2024.