Laurencio Francis 4

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.