Key facts
- This page summarizes Matthew Vargas's Form 4 filing for EMCORE CORP.
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 28 Feb 2025, 16:03.
Matthew Vargas - 28 Feb 2025 Form 4 Insider Report for EMCORE CORP
- Reporting relationship
- Interim CEO, Director
- Issuer ticker
- N/A
- Reported as of
- 28 Feb 2025
- Net transaction value
- -$677,917
- SEC form
- 4
- Accepted by SEC
- 28 Feb 2025, 16:03:10 UTC
- Prior SEC filing
- 11 Dec 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Ryan Hochgesang, as attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Matthew Vargas filed Form 4 for EMCORE CORP on 28 Feb 2025.
Change
- Previous filing in this sequence was filed on 11 Dec 2024.
- Current net transaction value: -$677,917.
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.
EMKR
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $677,917
- Shares
- -218,683
- Change %
- -100%
- Price
- $3.10
- Shares after
- 0
- Date
- 28 Feb 2025
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
EMKR
transaction
Derivative
Performance-Based Restricted Stock Units (PSUs)
Disposed to Issuer
- Transaction value
- Shares
- -1,880
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 28 Feb 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,880
- Exercise price
- $0.000000
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Matthew Vargas is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 7, 2024, by and among EMCORE Corporation (the "Company"), Velocity One Holdings, LP ("Parent"), Aerosphere Power Inc., and Velocity Merger Sub, Inc., a copy of which is filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on November 8, 2024, pursuant to which the Company became a wholly-owned subsidiary of Parent (the "Merger") on February 28, 2025 (the "Effective Time"). At the Effective Time, each issued and outstanding share of common stock of the Company was converted into the right to receive $3.10 in cash (the "Merger Consideration"), without interest, subject to any withholding taxes.
Footnote F2
Includes 217,907 shares of common stock underlying restricted stock units subject to time-based vesting restrictions ("RSUs"). Pursuant to the Merger Agreement, at the Effective Time, the RSUs were canceled in consideration for the right to receive a lump sum cash payment (less any applicable tax withholdings) equal to the product obtained by multiplying (1) the amount of the Merger Consideration by (2) the total number of shares of common stock represented by such RSUs.
Footnote F3
Pursuant to the Merger Agreement, at the Effective Time, the performance-based restricted stock units ("PSUs") were deemed to have satisfied certain specified performance vesting conditions at 100% of target, with any time-based vesting conditions waived, and were canceled in consideration for the right to receive a lump sum cash payment (less any applicable tax withholdings) equal to the product obtained by multiplying (1) the amount of the Merger Consideration by (2) the total number of shares of common stock represented by such PSUs.