Quick Takeaways
- This page summarizes Robert E. Rasmus's Form 4 filing for Advanced Emissions Solutions, Inc. (ARQ).
- 4 reported transactions and 2 derivative rows are listed below.
- Filing timestamp: 19 Jul 2023, 18:43.
Robert E. Rasmus - 17 Jul 2023 Form 4 Insider Report for Advanced Emissions Solutions, Inc. (ARQ)
- Signature
- /s/ Robert E. Rasmus
- Issuer symbol
- ARQ
- Transactions as of
- 17 Jul 2023
- Net transactions value
- +$1,799,965
- Form type
- 4
- Filing time
- 19 Jul 2023, 18:43:32 UTC
- Previous filing
- 19 Jul 2023
- Next filing
- 05 Aug 2024
- SEC
- View on sec.gov
Quoteable Key Fact
"Robert E. Rasmus filed Form 4 for Advanced Emissions Solutions, Inc. (ARQ) on 19 Jul 2023."
What Changed
- Previous filing in this sequence was filed on 19 Jul 2023.
- Current net transaction value: +$1,799,965.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Source Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
ADES
transaction
Common Stock
Award
- Transaction value
- $799,982
- Shares
- +422,221
- Change %
- Price
- $1.89
- Shares after
- 422,221
- Date
- 17 Jul 2023
- Ownership
- Direct
- Footnotes
- F1
ADES
transaction
Common Stock
Award
- Transaction value
- $999,983
- Shares
- +527,779
- Change %
- Price
- $1.89
- Shares after
- 527,779
- Date
- 17 Jul 2023
- Ownership
- By RER Legacy Investments II LLC.
- Footnotes
- F1, F2
Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
ADES
transaction
Derivative
Stock Option (right to buy)
Award
- Transaction value
- $0
- Shares
- +1,000,000
- Change %
- Price
- $0.000000
- Shares after
- 1,000,000
- Date
- 17 Jul 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,000,000
- Exercise price
- $3.00
- Footnotes
- F3
ADES
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +400,000
- Change %
- Price
- $0.000000
- Shares after
- 400,000
- Date
- 17 Jul 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 400,000
- Exercise price
- Footnotes
- F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | Mr. Rasmus agreed to acquire the shares of the Issuer's common stock, par value $0.001 (the "Common Stock"), reported on this row from the Company for cash pursuant to a subscription agreement entered into with the Issuer. |
| F2 | The shares of Common Stock reported on this row are held by RER Legacy Investments II LLC ("RER Legacy"). Mr. Rasmus is the ultimate control person of RER Legacy, and an indirect beneficial owner of these shares. Mr. Rasmus disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| F3 | Represents options to purchase Common Stock granted to Mr. Rasmus as an employment inducement award. The options will vest ratably in three equal annual installments on each anniversary of the date of grant. |
| F4 | Represents restricted stock units ("RSUs") granted to Mr. Rasmus as an employment inducement award. Each RSU represents the right to receive one share of Common Stock upon vesting and settlement. |
| F5 | 250,000 RSUs vest when the volume weighted average price ("VWAP") of the Common Stock over a 30-day period equals $10.00 per share and 150,000 RSUs vest when the VWAP over a 30-day period equals $15.00 per share, in each case, prior to the third anniversary of the date of grant. |