Amesite (NASDAQ: AMST) director trust converts 41,322 RSUs into stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amesite Inc. director J. Michael Losh reported a routine equity compensation event involving restricted stock units held through a trust. On March 7, 2026, the J. Michael Losh Irrevocable Qualified Annuity Trust #7 exercised 41,322 restricted stock units granted on March 7, 2025, converting them into 41,322 shares of Amesite common stock at no cash exercise price. Following the conversion, the trust holds 138,200 shares of common stock indirectly on behalf of Losh. Each restricted stock unit represented a right to receive one share of Amesite common stock or its cash equivalent upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
41,322 shares exercised/converted
Mixed
2 txns
Insider
LOSH J MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 41,322 | $0.00 | -- |
| Exercise | Common Stock | 41,322 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Indirect, J. Michael Losh Irrevocable Qualified Annuity Trust #7);
Common Stock — 138,200 shares (Indirect, J. Michael Losh Irrevocable Qualified Annuity Trust #7)
Footnotes (1)
- The reported restricted stock units were granted on March 7, 2025 and vested on March 7, 2026. Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMST common stock and/or the cash equivalent of such share.
FAQ
What insider transaction did Amesite Inc. (AMST) report for J. Michael Losh?
Amesite reported that a trust associated with director J. Michael Losh exercised 41,322 restricted stock units into 41,322 common shares. This was a routine equity compensation vesting and conversion, not an open-market stock purchase or sale.
Were cash proceeds involved in the Amesite (AMST) restricted stock unit conversion?
No cash proceeds were involved; the restricted stock units converted to common shares at a stated price of $0.00 per unit. Each unit represented a right to receive one share of Amesite common stock or its cash equivalent upon vesting.
When were the Amesite (AMST) restricted stock units granted and when did they vest?
The restricted stock units were granted on March 7, 2025 and vested on March 7, 2026. Their vesting triggered the conversion into Amesite common shares as reported in the Form 4 insider transaction filing.
Is the Amesite (AMST) Form 4 transaction an open‑market buy or sell by the director?
The Form 4 reports an exercise of restricted stock units, not an open‑market buy or sell. Shares were acquired through vesting of equity awards held by an irrevocable annuity trust associated with director J. Michael Losh.