Key facts
- This page summarizes George Oliva's Form 4 filing for WISA TECHNOLOGIES, INC. (DVLT).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 14 Jul 2023, 20:37.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Shares, units, or other non-derivative securities reported in this filing.
Award
Additional SEC filing notes
Footnote F1
30,000 shares (the "LTIP Shares") of common stock, par value $0.0001 per share, of the issuer were received as compensation for the reporting person's service as an officer pursuant to the issuer's 2018 Long-Term Stock Incentive Plan (the "Grant"). Pursuant to a separation agreement entered into by the issuer and the reporting person on July 11, 2023 (the "Separation Agreement"), the LTIP Shares associated with the Grant will fully vest on December 20, 2023 (the "Separation Date"), or earlier pursuant to the terms of the Separation Agreement. All shares previously issued to the reporting person (other than the LTIP shares) will vest on the Separation Date.
Footnote F2
On January 26, 2023, the issuer effected a 1-for-100 reverse stock split. The number of securities reported on this Form 4 have been adjusted to reflect the reverse stock split as the split pertained to the number of securities of the issuer that the reporting person held prior to the grant of the LTIP Shares.
SEC remarks
Effective as of July 11, 2023, the reporting person resigned as Chief Financial Officer.