Amalkumar Ghosh - 06 Jun 2023 Form 4 Insider Report for EMAGIN CORP

Reporting relationship: COO/SVP
Issuer ticker: N/A
Reported as of: 06 Jun 2023
Net transaction value: -$12,083
SEC form: 4
Accepted by SEC: 07 Jun 2023, 16:15:23 UTC
Prior SEC filing: 02 Jun 2022
Next SEC filing: 19 Oct 2023
Source filing: View source filing
Reporting owner signature: /s/ Mark A. Koch, Attorney-in-Fact

Key filing fact

Amalkumar Ghosh filed Form 4 for EMAGIN CORP on 07 Jun 2023.

Key facts

This page summarizes Amalkumar Ghosh's Form 4 filing for EMAGIN CORP.
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 07 Jun 2023, 16:15.

Change

Previous filing in this sequence was filed on 02 Jun 2022.
Current net transaction value: -$12,083.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EMAN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +14,684
Change %: +34%
Price: $0.000000
Shares after: 58,055
Date: 06 Jun 2023
Ownership: Direct
Footnotes: F1

EMAN transaction

Common Stock

Tax liability

Transaction value: $12,083
Shares: -6,072
Change %: -10%
Price: $1.99
Shares after: 51,983
Date: 06 Jun 2023
Ownership: Direct
Footnotes: F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EMAN transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -14,684
Change %: -50%
Price: $0.000000
Shares after: 14,684
Date: 06 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 14,684
Exercise price
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The Reporting Person received 14,684 Restricted Stock Units that represent a contingent right to receive one share of Common Stock upon the satisfaction of applicable vesting conditions. Half of the shares were issued pursuant to the satisfaction of service-based vesting conditions and half were issued pursuant to the satisfaction of performance conditions.

Footnote F2

The transaction reported represents shares of Common Stock required to be surrendered by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. These surrendered shares are mandated by the issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations and do not represent discretionary trades by the Reporting Person.

Footnote F3

Represents the market price of common stock that was used to determine the value of the shares surrendered in satisfaction of withholding tax obligations.

Footnote F4

Represents the settlement of vested RSUs. The Reporting Person was previously granted 44,052 RSUs that represent a contingent right to receive one share of Common Stock for each RSU. Half, or 22,026 of the previously granted RSU's are performance-based and vest over a three-year period subject to achievement of certain performance conditions. The remaining RSUs are subject to a three-year service-based vesting requirement, vesting in equal installments over the three years. 7,342 of the service-based RSUs vested on June 6, 2023, and the remaining RSUs will vest in equal installments over the remaining 1 year, subject to the Reporting Person's continuous service with the issuer. In addition 7,342 of the performance-based RSUs vested upon satisfaction of applicable performance conditions.