Timothy Brog - Jul 18, 2022 Form 4 Insider Report for Rubicon Technology, Inc. (RBCN)

Role
Chief Executive Officer, Director
Signature
/s/ Timothy E. Brog
Stock symbol
RBCN
Transactions as of
Jul 18, 2022
Transactions value $
-$101,917
Form type
4
Date filed
7/19/2022, 04:59 PM
Previous filing
Jul 15, 2022
Next filing
Aug 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBCN Common Stock Options Exercise $0 +12.5K +11.39% $0.00 122K Jul 18, 2022 Direct F1
transaction RBCN Common Stock Tax liability -$102K -6.35K -5.19% $16.06* 116K Jul 18, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 28, 2021, the reporting person was granted 25,000 restricted stock units ("RSUs"). One half of such RSUs would vest if prior to December 28, 2025 the 15-trading day average closing price of the Company's common stock is greater than or equal to the target prices of $12.00 and $13.00, respectively. On July 18, 2021, 12,500 of such RSUs vested based upon their terms.
F2 As permitted under the Company's 2016 Stock Incentive Plan, on July 18, 2022, the Company withheld 6,346 shares of common stock from the reporting person to pay certain Medicare, Income Withholding and other payroll taxes in connection with the vesting of such RSUs