Key facts
- This page summarizes Clint Brown's Form 4 filing for Resonant Inc.
- 6 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 28 Mar 2022, 11:01.
Clint Brown - 28 Mar 2022 Form 4 Insider Report for Resonant Inc
- Reporting relationship
- Senior VP, Sales and Marketing
- Issuer ticker
- N/A
- Reported as of
- 28 Mar 2022
- Net transaction value
- -$1,380,483
- SEC form
- 4
- Accepted by SEC
- 28 Mar 2022, 11:01:41 UTC
- Prior SEC filing
- 19 Jan 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Martin S. McDermut, Attorney-In-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Clint Brown filed Form 4 for Resonant Inc on 28 Mar 2022.
Change
- Previous filing in this sequence was filed on 19 Jan 2022.
- Current net transaction value: -$1,380,483.
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.
RESN
transaction
Common Stock
Disposition pursuant to a tender of shares in a change of control transaction
- Transaction value
- $253,125
- Shares
- -56,250
- Change %
- -100%
- Price
- $4.50
- Shares after
- 0
- Date
- 28 Mar 2022
- Ownership
- Direct
RESN
transaction
Common Stock
Disposition pursuant to a tender of shares in a change of control transaction
- Transaction value
- $281,250
- Shares
- -62,500
- Change %
- -100%
- Price
- $4.50
- Shares after
- 0
- Date
- 28 Mar 2022
- Ownership
- By Trust
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
RESN
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- $253,125
- Shares
- -56,250
- Change %
- -100%
- Price
- $4.50
- Shares after
- 0
- Date
- 28 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 56,250
- Exercise price
- Footnotes
- F1, F2
RESN
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- $421,875
- Shares
- -93,750
- Change %
- -100%
- Price
- $4.50
- Shares after
- 0
- Date
- 28 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 93,750
- Exercise price
- Footnotes
- F1, F3
RESN
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- $84,375
- Shares
- -18,750
- Change %
- -100%
- Price
- $4.50
- Shares after
- 0
- Date
- 28 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 18,750
- Exercise price
- Footnotes
- F1, F4
RESN
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- $86,733
- Shares
- -19,274
- Change %
- -100%
- Price
- $4.50
- Shares after
- 0
- Date
- 28 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 19,274
- Exercise price
- Footnotes
- F1, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Clint Brown is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
Each restricted stock unit represents a contingent right to receive one share of Resonant Inc. common stock.
Footnote F2
In connection with the Agreement and Plan of Merger, dated February 14, 2022, by and among Murata Electronics North America, Inc., PJ Cosmos Acquisition Company, Inc. and Resonant Inc. (the "Merger Agreement"), these restricted stock units, which provided for vesting of 18,750 shares on each of December 1, 2022, December 1, 2023, and December 1, 2024, were assumed and converted into a right of the holder to receive upon settlement an amount in cash equal to the per share merger consideration of $4.50 multiplied by the number of shares of common stock subject to such restricted stock units immediately prior to the merger. Upon the termination of the holder's employment with Resonant Inc. immediately following consummation of the merger, these assumed restricted stock units became fully vested and will be settled in cash.
Footnote F3
In connection with the Merger Agreement these restricted stock units, which provided for vesting of 31,250 shares on each of December 1, 2022, December 1, 2023, and December 1, 2024, were assumed and converted into a right of the holder to receive upon settlement an amount in cash equal to the per share merger consideration of $4.50 multiplied by the number of shares of common stock subject to such restricted stock units immediately prior to the merger. Upon the termination of the holder's employment with Resonant Inc. immediately following consummation of the merger, these assumed restricted stock units became fully vested and will be settled in cash.
Footnote F4
In connection with the Merger Agreement, these restricted stock units, which provided for vesting of 6,250 shares each of April 1, 2022, July 1, 2022, and September 1, 2022, were assumed and converted into a right of the holder to receive upon settlement an amount in cash equal to the per share merger consideration of $4.50 multiplied by the number of shares of common stock subject to such restricted stock units immediately prior to the merger. Upon the termination of the holder's employment with Resonant Inc. immediately following consummation of the merger, these assumed restricted stock units became fully vested and will be settled in cash.
Footnote F5
In connection with the Merger Agreement, these restricted stock units, which provided for vesting of 4,820 shares on December 1, 2022, and in 3 further installments of 4,818 shares on each of December 1, 2023, December 1, 2024, and December 1, 2025, were assumed and converted into a right of the holder to receive upon settlement an amount in cash equal to the per share merger consideration of $4.50 multiplied by the number of shares of common stock subject to such restricted stock units immediately prior to the merger. Upon the termination of the holder's employment with Resonant Inc. immediately following consummation of the merger, these assumed restricted stock units became fully vested and will be settled in cash.