Judd Merrill - Jul 3, 2023 Form 4 Insider Report for Aqua Metals, Inc. (AQMS)

Signature
/s/ Judd Merrill
Stock symbol
AQMS
Transactions as of
Jul 3, 2023
Transactions value $
-$133,604
Form type
4
Date filed
7/6/2023, 07:15 PM
Previous filing
Mar 24, 2023
Next filing
Dec 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AQMS Common Stock Tax liability -$106K -87.3K -5.55% $1.21 1.49M Jul 3, 2023 Direct F1, F2
transaction AQMS Common Stock Disposed to Issuer -$28K -25K -1.68% $1.12 1.46M Jul 6, 2023 Direct F2, F3
* 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 Represents the number of shares withheld and returned to the plan to cover the tax liability of the July 3, 2023 vesting of a previously reported restricted share grant represented in Table I.
F2 Includes 704,662 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable.
F3 Represents the number of shares sold by the Reporting Person under a 10b5-1 plan. Adoption date of referenced 10b5-1(c) plan is: 03-16-2023