David L. Kanen - 05 Jul 2023 Form 4 Insider Report for Aqua Metals, Inc. (AQMS)

Reporting relationship: Director
Issuer ticker: AQMS
Reported as of: 05 Jul 2023
Net transaction value: +$31,875
SEC form: 4
Accepted by SEC: 06 Jul 2023, 19:18:22 UTC
Prior SEC filing: 11 May 2023
Next SEC filing: 26 Oct 2023
Source filing: View source filing
Reporting owner signature: /s/ Judd Merrill, by power of attorney

Key filing fact

David L. Kanen filed Form 4 for Aqua Metals, Inc. (AQMS) on 06 Jul 2023.

Key facts

This page summarizes David L. Kanen's Form 4 filing for Aqua Metals, Inc. (AQMS).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 06 Jul 2023, 19:18.

Change

Previous filing in this sequence was filed on 11 May 2023.
Current net transaction value: +$31,875.

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.

AQMS transaction

Common Stock

Award

Transaction value: $31,875
Shares: +27,244
Change %: +21%
Price: $1.17
Shares after: 158,297
Date: 05 Jul 2023
Ownership: Direct
Footnotes: F2

AQMS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 468,425
Date: 05 Jul 2023
Ownership: See footnote
Footnotes: F1

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Mr.Kanen beneficially owns, pursuant to the beneficial ownership rules of Section 13(d) of the Securities Exchange Act of 1934, as amended, the shares of Common Stock listed in Column 5 of this Form 4, which represent approximately 0.6% of the Issuer's outstanding shares of Common Stock. Pursuant to such beneficial ownership rules, Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the 117,107 shares of Common Stock held in customer accounts managed by KWM as disclosed in this Form 4 and the 351,318 shares of Common Stock held by The Philotimo Fund LLC, of which KWM is the general partner. Mr. Kanen expressly disclaims such beneficial ownership except to the extent of his pecuniary interest therein. Mr. Kanen does not have a pecuniary interest under Section 16 of the Exchange Act in the shares of Common Stock held in customer accounts managed by KWM. Mr. Kanen directly owns 85,598 shares of Common Stock in personal brokerage account.

Footnote F2

Shares issued in lieu of cash for Q2 2023 board compensation. Includes 45,455 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable and 112,842 shares of Common Stock that Mr. Kanen directly owns in personal brokerage account.