David Aichele - Dec 18, 2023 Form 4 Insider Report for Akoustis Technologies, Inc. (AKTS)

Signature
/s/David Aichele by Andrew Wright, attorney-in-fact
Stock symbol
AKTS
Transactions as of
Dec 18, 2023
Transactions value $
-$1,083
Form type
4
Date filed
12/20/2023, 05:03 PM
Previous filing
Nov 22, 2023
Next filing
Jan 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKTS Common Stock Sale -$1.08K -1.5K -0.59% $0.72 255K Dec 18, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 11, 2023. These shares were sold in order to cover the reporting person's tax liability incurred in connection with the vesting of restricted stock units.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.6736 to $0.7905, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 range set forth in this footnote.
F3 Amounts include shares acquired under the Akoustis Technologies, Inc. Employee Stock Purchase Plan