Key facts
- 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.
- Accepted by SEC: 19 Jul 2023, 18:43.
Robert E. Rasmus - 17 Jul 2023 Form 4 Insider Report for Advanced Emissions Solutions, Inc. (ARQ)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- ARQ
- Reported as of
- 17 Jul 2023
- Net transaction value
- +$1,799,965
- SEC form
- 4
- Accepted by SEC
- 19 Jul 2023, 18:43:32 UTC
- Prior SEC filing
- 19 Jul 2023
- Next SEC filing
- 05 Aug 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Robert E. Rasmus
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Robert E. Rasmus filed Form 4 for Advanced Emissions Solutions, Inc. (ARQ) on 19 Jul 2023.
Change
- Previous filing in this sequence was filed on 19 Jul 2023.
- Current net transaction value: +$1,799,965.
Research use
- 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.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
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
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
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
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.