Thomas Sammons - 13 Jul 2023 Form 4 Insider Report for TECHPRECISION CORP (TPCS)

Reporting relationship: Chief Financial Officer
Issuer ticker: TPCS
Reported as of: 13 Jul 2023
Net transaction value: -$34,021
SEC form: 4
Accepted by SEC: 17 Jul 2023, 16:05:43 UTC
Prior SEC filing: 24 Jan 2022
Source filing: View source filing
Reporting owner signature: /s/ Thomas Sammons

Key filing fact

Thomas Sammons filed Form 4 for TECHPRECISION CORP (TPCS) on 17 Jul 2023.

Key facts

This page summarizes Thomas Sammons's Form 4 filing for TECHPRECISION CORP (TPCS).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 17 Jul 2023, 16:05.

Change

Previous filing in this sequence was filed on 24 Jan 2022.
Current net transaction value: -$34,021.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TPCS transaction

Common Stock

Options Exercise

Transaction value: $85,000
Shares: +125,000
Change %: +1344%
Price: $0.6800
Shares after: 134,298
Date: 13 Jul 2023
Ownership: Direct

TPCS transaction

Common Stock

Tax liability

Transaction value: $119,021
Shares: -15,976
Change %: -12%
Price: $7.45
Shares after: 118,322
Date: 13 Jul 2023
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TPCS transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -125,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 13 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 125,000
Exercise price: $0.6800
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Thomas Sammons is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

The options were granted pursuant to the Company's 2006 Long-Term Incentive Plan.

Footnote F2

The options vested in three equal annual installments with the first installment vesting on the grant date of January 20, 2016 and the remaining installments vesting on each of the first and second anniversaries of the grant date.