David Kanen - May 9, 2023 Form 4 Insider Report for Aqua Metals, Inc. (AQMS)

Role
Director
Signature
/s/ Judd Merrill, by power of attorney
Stock symbol
AQMS
Transactions as of
May 9, 2023
Transactions value $
$50,001
Form type
4
Date filed
5/11/2023, 04:02 PM
Previous filing
May 4, 2023
Next filing
Jul 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AQMS Common Stock Award $50K +45.5K +53.1% $1.10 131K May 9, 2023 Direct F2
holding AQMS Common Stock 468K May 9, 2023 See footnote F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents 45,455 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. The RSUs will vest and be settled in four equal quarterly installments over a one year period. Each RSU shall entitle its holder to receive one Common Stock of the issuer. Includes 85,598 shares of Common Stock that Mr. Kanen directly owns in personal brokerage account.