David L. Kanen - 28 Dec 2022 Form 4 Insider Report for Aqua Metals, Inc. (AQMS)

Role
Director
Signature
/s/ David L. Kanen
Issuer symbol
AQMS
Transactions as of
28 Dec 2022
Net transactions value
+$25,635
Form type
4
Filing time
30 Dec 2022, 17:22:13 UTC
Previous filing
29 Dec 2022
Next filing
05 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AQMS Common Stock Purchase $19,226 +25,635 +7.9% $0.7500 351,218 28 Dec 2022 PHILOTIMO FUND, LP F1
transaction AQMS Common Stock Purchase $6,409 +8,545 +7.9% $0.7500 117,107 28 Dec 2022 KANEN WEALTH MANAGEMENT, LLC F1, F3
holding AQMS Common Stock 468,425 28 Dec 2022 See footnote F2
holding AQMS Common Stock 28,223 28 Dec 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to Aqua Metals, Inc., any stockholder of Aqua Metals, Inc or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
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 0.6% 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 117,107 shares of Common Stock held in customer accounts managed by KWM as disclosed in this Form 4 and the 351,318 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.