Earnings Feed
Start Free
Atomera Inc·4

Mar 13, 8:05 PM ET

Laurencio Francis 4

4 · Atomera Inc · Filed Mar 13, 2026

Research Summary

AI-generated summary of this filing

Updated

Atomera (ATOM) CFO Laurencio Francis Receives Performance-Based Awards

What Happened
Laurencio Francis, Atomera’s Chief Financial Officer, was granted three performance-based derivative awards on March 11, 2026 totaling 157,776 units (78,888 + 39,444 + 39,444). Each award is shown on the Form 4 as acquired at $0.00 (derivative securities) and will only vest if specified average price (VWAP) hurdles are met within five years in addition to time-based vesting. The awards have staged vesting (first 25% on March 1, 2027; remaining 75% in 12 equal quarterly installments thereafter) but will terminate if the applicable VWAP threshold is not achieved within five years.

Key Details

  • Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (appears timely). Transaction code: A (award/grant).
  • Awards granted: 78,888 (Footnote F1), 39,444 (F2), 39,444 (F3) — total 157,776. Each line is a performance-based derivative award.
  • VWAP price hurdles and vesting (per footnotes):
    • F1 (78,888): 30-day VWAP must reach $20.00 within five years.
    • F2 (39,444): 30-day VWAP must reach $7.50 within five years.
    • F3 (39,444): 30-day VWAP must reach $12.50 within five years.
  • Vesting schedule (all awards): 25% vests March 1, 2027; remaining 75% vests in 12 equal quarterly installments thereafter, but only if the applicable VWAP hurdle is met during the five-year window. If not met, awards terminate at five years.
  • Price paid: $0.00 reported (derivative award); no immediate cash value listed in the filing.
  • Shares owned after transaction: not specified in the provided summary of the filing.

Context

  • These are conditional, performance-based derivative awards (options or similar) tied to both time and stock-price performance; they do not represent an open-market purchase of shares and may never vest if the price hurdles are not met.
  • Such grants are typical for executive compensation and retention; they are not direct evidence of immediate buying or selling activity.

Insider Transaction Report

Form 4Exit
Period: 2026-03-11
Atomera IncATOM
Laurencio Francis
CFO
Transactions
  • Award

    Performance Stock Option (right to buy)

    [F1]
    2026-03-11+78,888→ 78,888 total
    Exercise: $5.10Exp: 2036-03-11→ Common Stock (78,888 underlying)
  • Award

    Performance Stock Option (right to buy)

    [F2]
    2026-03-11+39,444→ 39,444 total
    Exercise: $5.10Exp: 2036-03-11→ Common Stock (39,444 underlying)
  • Award

    Performance Stock Option (right to buy)

    [F3]
    2026-03-11+39,444→ 39,444 total
    Exercise: $5.10Exp: 2036-03-11→ Common Stock (39,444 underlying)
Footnotes (3)
  • [F1]Performance-based grant with vesting based on both Company stock price performance and time. The first 25% vests on March 1, 2027, with the balance vesting in 12 equal quarterly installments thereafter, but only if the average volume-weighted price over any 30 consecutive trading days during the five-year period from the date of grant equals or exceeds $20.00. In the event the $20.00 price threshold is not met within five years from the date of grant, no options will vest and all options will terminate at the end of the five year period.
  • [F2]Performance-based grant with vesting based on both Company stock price performance and time. The first 25% vests on March 1, 2027, with the balance vesting in 12 equal quarterly installments thereafter, but only if the average volume-weighted price over any 30 consecutive trading days during the five-year period from the date of grant equals or exceeds $7.50. In the event the $7.50 price threshold is not met within five years from the date of grant, no options will vest and all options will terminate at the end of the five year period.
  • [F3]Performance-based grant with vesting based on both Company stock price performance and time. The first 25% vests on March 1, 2027, with the balance vesting in 12 equal quarterly installments thereafter, but only if the average volume-weighted price over any 30 consecutive trading days during the five-year period from the date of grant equals or exceeds $12.50. In the event the $12.50 price threshold is not met within five years from the date of grant, no options will vest and all options will terminate at the end of the five year period.
Signature
By: Mindi Zimmer, as Attorney-in-Fact For: Francis Laurencio|2026-03-13

Documents

1 file
  • 4
    ownership.xmlPrimary