AYRO (AYRO) executive Keller sold 140,000 shares for $755K at an average $5.39 under a 10b5-1 plan
Insider transactions reported
Rodney C. Keller Jr. (executive at AYRO Inc., AYRO) reported that they sold 140,000 shares for $755K at an average $5.39, and acquired 62,917 shares at $2.45 between Jun 16, 2021 and Jun 17, 2021. After these transactions the filing shows 434,167 shares held directly.
- Reporting person
- Keller Rodney C. Jr.
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Jun 16, 2021 | Open-market sale (S) | Common Stock1, 2 | -70,000 | $5.22 | $365K | 441,250 direct |
| Jun 17, 2021 | Exercise or conversion of a derivative (M) | Common Stock4, 5 | +62,917 | avg $2.45 | $154K | 504,167 direct |
| Jun 17, 2021 | Open-market sale (S) | Common Stock1, 3 | -70,000 | $5.57 | $390K | 434,167 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Jun 17, 2021 | Exercise or conversion of a derivative (M) | Employee Stock Options (right to buy)On 62,917 Common Stock6 | -62,917 | - | - | 230,214 direct |
Holdings before and after
- Common Stock: 511,250 to 434,167 direct
- Employee Stock Options (right to buy): 20,451 to 230,214 direct
Footnotes from the filing
- 1. Represents a broker-assisted sale of shares pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2021.
- 2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.09 to $5.30, inclusive. The reporting person undertakes to provide to AYRO, Inc., any security holder of AYRO, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- 4. Represents an exercise of an option to purchase 20,451 shares. The price reported in Column 4 is the exercise price of the underlying options assigned upon grant.
- 6. These options are fully vested and exercisable.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
FAQ
What did Keller report in this AYRO Form 4?
Rodney C. Keller Jr. (executive at AYRO Inc., AYRO) reported that they sold 140,000 shares for $755K at an average $5.39, and acquired 62,917 shares at $2.45 between Jun 16, 2021 and Jun 17, 2021. After these transactions the filing shows 434,167 shares held directly.
How many AYRO shares does Keller hold after this filing?
The filing shows 434,167 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this AYRO insider sale made under a 10b5-1 plan?
The filing's footnotes mention a Rule 10b5-1 trading plan. Such a plan sets the terms of future trades in advance.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for AYRO
Earlier insider filings at AYRO
- Jun 16, 2021SEC Form 4: Keller Rodney C. Jr. sold $747,187 worth of Common Stock (140,000 units at $5.34), decreasing direct ownership by 21% to 511,250 units
- Jun 8, 2021SEC Form 4: Silverman Joshua sold $201,687 worth of Common Stock (39,008 units at $5.17), decreasing direct ownership by 22% to 135,295 units to cover taxes
- Jun 7, 2021SEC Form 4: Joseph Zvi sold $128,589 worth of Common Stock (25,116 units at $5.12), decreasing direct ownership by 24% to 80,362 units (withholding obligation)
- Jun 7, 2021SEC Form 4 filed by AYRO, Inc.
- Jun 7, 2021SEC Form 4: SCHIFFMAN GREGORY T sold $122,794 worth of Common Stock (23,980 units at $5.12), decreasing direct ownership by 23% to 81,498 units (tax liability)
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Telecommunications Equipment
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