David Kanen - Dec 23, 2022 Form 4 Insider Report for Aqua Metals, Inc. (AQMS)

Role
Director
Signature
/s/ David L. Kanen
Stock symbol
AQMS
Transactions as of
Dec 23, 2022
Transactions value $
$201,108
Form type
4
Date filed
12/28/2022, 06:23 PM
Previous filing
Jan 17, 2023
Next filing
Dec 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AQMS Common Stock Purchase $151K +212K $0.71 212K Dec 23, 2022 PHILOTIMO FUND, LP F1, F2
transaction AQMS Common Stock Purchase $50.3K +70.8K $0.71 70.8K Dec 23, 2022 KANEN WEALTH MANAGEMENT, LLC F1, F2, F3
holding AQMS Common Stock 28.2K Dec 23, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is filed jointly by David Kanen, Kanen Wealth Management, LLC ("KWM") and The Philotimo Fund, LP (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a group that may be deemed to collectively beneficially own approximately 0.4% of the Issuer's outstanding shares of Common Stock. The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the beneficial owners of any securities of the Issuer he or it does not directly own.
F2 Mr.Kanen beneficially owns, pursuant to the beneficial ownership rules of Section 13(d) of the Securities Exchange Act of 1934, as amended, the shares of Common Stock listed in Column 5 of this Form 4, which represent approximately 0.4% of the Issuer's outstanding shares of Common Stock. Pursuant to such beneficial ownership rules, Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the 70,813 shares of Common Stock held in customer accounts managed by KWM as disclosed in this Form 4 and the 212,437 shares of Common Stock held by The Philotimo Fund LLC, of which KWM is the general partner. Mr. Kanen expressly disclaims such beneficial ownership except to the extent of his pecuniary interest therein. Mr. Kanen does not have a pecuniary interest under Section 16 of the Exchange Act in the shares of Common Stock held in customer accounts managed by KWM. Mr. Kanen directly owns 28,223 shares of Common Stock in personal brokerage account.
F3 KWM does not have a pecuniary interest in the shares of Common Stock held in customer accounts managed by KWM.