Walter Michael Gough - Nov 27, 2024 Form 4 Insider Report for SemiLEDs Corp (LEDS)

Role
Director
Signature
/s/Christopher Lee attorney-in-fact
Stock symbol
LEDS
Transactions as of
Nov 27, 2024
Transactions value $
$0
Form type
4
Date filed
11/27/2024, 06:37 AM
Previous filing
Jul 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEDS Common Stock Award $0 +5K +16.09% $0.00 36.1K Nov 27, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 1. These shares represent restricted stock units and will be settled in LEDS common stock upon vesting, 25% of the restricted stock units will vest on February 27, 2025, May 27, 2025, August 27, 2025 and November 27, 2025, as long as the Reporting Person's continuous services through the applicable vesting date. In the event that the 2025 annual meeting of stockholders falls before November 27, 2025, 100% of the stock units shall immediately vest on the date of the 2025 annual meeting of stockholders.