SEC Form 4 · accession 0001615774-18-010234
Akoustis Technologies, Inc. · AKTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey B. Shealy
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Sep 27, 2018
Accepted (ET)
Oct 1, 2018 · 6:08 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001584754
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Sep 27, 2018 | S | 3,000 | $8.26 | D | 3,198,562 | D | |
| Common Stock | holding | — | — | — | 16,000 | I | By wife |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 19, 2018. These shares were sold in order to cover the reporting person's tax liability incurred in connection with the vesting of restricted stock units on September 27, 2018.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.05 to $8.40, 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.