| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AMSC | Common Stock | Sale | -$453K | -73.8K | -6.21% | $6.14 | 1.11M | Jun 21, 2023 | Direct | F1, F2 |
| transaction | AMSC | Common Stock | Sale | -$220K | -36.9K | -3.31% | $5.95 | 1.08M | Jun 22, 2023 | Direct | F1, F3, F4 |
| holding | AMSC | Common Stock | 11K | Jun 21, 2023 | By 401(k) plan | F5 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Represents the number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock awards. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously entered into by the reporting person on March 17, 2023. |
| F2 | The sales were executed in multiple trades at prices ranging from $6.07-$6.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and price at which the transaction was effected. |
| F3 | The sales were executed in multiple trades at prices ranging from $5.735-$6.07. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and price at which the transaction was effected. |
| F4 | Following all the transactions reported on this Form 4, the reporting person holds 1,077,680 shares directly. |
| F5 | Following all the transactions reported on this Form 4, the reporting person holds 10,992 shares indirectly through the company's 401(k) plan as of June 23, 2023. |