Key facts
- This page summarizes Koch, Inc.'s Form 3 filing for ASPEN AEROGELS INC (ASPN).
- 0 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 02 Aug 2024, 21:14.
Koch, Inc. - 01 Aug 2024 Form 3 Insider Report for ASPEN AEROGELS INC (ASPN)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- ASPN
- Reported as of
- 01 Aug 2024
- Net transaction value
- $0
- Reporting owner signature
- Koch, Inc., /s/ Raffaele G. Fazio, Assistant Secretary
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Koch, Inc. filed Form 3 for ASPEN AEROGELS INC (ASPN) on 02 Aug 2024.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
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
Official SEC source
View source filing
Ownership activity is grounded in SEC Form 3 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ASPN
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 12,280,426
- Date
- 01 Aug 2024
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ASPN
holding
Derivative
Convertible Senior PIK Toggle Notes due 2027
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- Date
- 01 Aug 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 4,139,999
- Exercise price
- $123937608.00
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Wood River Capital, LLC ("Wood River") is beneficially owned by SCC Holdings, LLC ("SCC"), SCC is beneficially owned by KIM, LLC ("KIM"), KIM is beneficially owned by Koch Investments Group, LLC ("KIG"), KIG is beneficially owned by Koch Investments Group Holdings, LLC ("KIGH"), KIGH is beneficially owned by Koch Companies, LLC ("KCLLC"), and KCLLC is beneficially owned by Koch, Inc., in each case by means of ownership of all voting equity instruments. Koch, Inc., KCLLC, KIGH, KIG, KIM, and SCC may be deemed to beneficially own the shares of common stock, par value $0.00001 per share, of Aspen Aerogels, Inc. (the "Issuer") held by Wood River by virtue of (i) Koch, Inc.'s beneficial ownership of KCLLC, (iii) KCLLC's beneficial ownership of KIGH, (iv) KIGH's beneficial ownership of KIG, (v) KIG's beneficial ownership of KIM, (vi) KIM's beneficial ownership of SCC, and (vii) SCC's beneficial ownership of Wood River.
Footnote F2
Effective August 1, 2024, pursuant to an internal reorganization, Koch, Inc. became the indirect ultimate parent of Wood River.
Footnote F3
On February 15, 2022, Wood River entered into a note purchase agreement (the "NPA") with the Issuer relating to the issuance and sale of $100,000,000 in aggregate principal amount of the Issuer's Convertible Senior PIK Toggle Notes due 2027, as amended by Amendment No. 1 to Convertible Senior PIK Toggle Notes Due 2027, dated November 28, 2022, by and between the Issuer and Wood River (as amended, the "Notes"). The Notes are convertible into shares of the Issuer's common stock at Wood River's option at any time until the business day prior to the maturity date.
Footnote F4
Represents 4,139,999 shares of the Issuer's common stock issuable to Wood River upon conversion of the principal amount represented by the PIK Interest Payment. The number of shares of common stock is calculated using the effective conversion price of $29.936625 per share of the Issuer's common stock as reported in the Issuer's Current Report on Form 8-K, filed on November 29, 2022. The conversion price is subject to adjustment upon the occurrence of certain dilutive events such as stock splits and combinations, stock dividends, mergers and spin-offs.