Eric West - 13 Oct 2025 Form 4 Insider Report for Aqua Metals, Inc. (AQMS)

Role: Chief Financial Officer
Signature: /s/ Eric West
Issuer symbol: AQMS
Transactions as of: 13 Oct 2025
Net transactions value: +$117,106
Form type: 4
Filing time: 15 Oct 2025, 18:59:51 UTC
Previous filing: 21 Aug 2025
Next filing: 24 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
West Eric	Chief Financial Officer	5370 KIETZKE LN, SUITE 201, RENO	/s/ Eric West	15 Oct 2025	0002070093

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AQMS	Common Stock	Award	$117,106	+12,224	+45%	$9.58	39,465	13 Oct 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 12,224 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. The RSUs will vest and be settled in six equal semi-annual installments over a three year period, subject to the Reporting Person's continuation of service with the Company. These RSUs have been granted under the Company's 2025 Long Term Incentive Program as non-cash stock awards. Each RSU shall entitle its holder to receive one Common Stock of the issuer.
F2	Includes 39,403 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable.

Content

Represents 12,224 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. The RSUs will vest and be settled in six equal semi-annual installments over a three year period, subject to the Reporting Person's continuation of service with the Company. These RSUs have been granted under the Company's 2025 Long Term Incentive Program as non-cash stock awards. Each RSU shall entitle its holder to receive one Common Stock of the issuer.

Includes 39,403 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable.