Mears Robert J 4
4 · Atomera Inc · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Atomera (ATOM) CTO Robert Mears Receives Equity Awards
What Happened
Robert J. Mears, Chief Technology Officer of Atomera, was granted a total of 131,472 performance-based derivative awards on March 11, 2026. The filing shows three grants reported as acquisitions at $0.00 per share (derivative awards): 32,868; 32,868; and 65,736 shares — total 131,472. These are performance-based option awards that will only vest if both time-based service requirements and specific stock-price targets are met. This is an award/grant (not a purchase or sale), so it is not an immediate market transaction.
Key Details
- Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (filed within the usual 2-business-day reporting window).
- Reported price: $0.00 per share (derivative awards).
- Grant breakdown and performance thresholds:
- 32,868 awards — threshold: $7.50 average VWAP over any 30 consecutive trading days within five years (Footnote F1).
- 32,868 awards — threshold: $12.50 average VWAP over any 30 consecutive trading days within five years (Footnote F2).
- 65,736 awards — threshold: $20.00 average VWAP over any 30 consecutive trading days within five years (Footnote F3).
- Vesting schedule (all grants): first 25% vests March 1, 2027; remaining 75% vests in 12 equal quarterly installments thereafter — but only if the applicable price hurdle is met within five years. If the price hurdle is not met in five years, none of the options will vest and they will terminate.
- Shares owned after transaction: not specified in the information provided.
Context
These are performance-based stock option awards intended to align executive incentives with shareholder value; they do not represent immediate cash value or share ownership until vested and exercised (and importantly, they will vest only if both service and price conditions are satisfied). For retail investors, such grants are common and not the same as an insider buying (bullish) or selling (liquidating) stock — they reflect compensation tied to future performance.
Insider Transaction Report
- Award
Performance Stock Option (right to buy)
[F1]2026-03-11+32,868→ 32,868 totalExercise: $5.10Exp: 2036-03-11→ Common Stock (32,868 underlying) - Award
Performance Stock Option (right to buy)
[F2]2026-03-11+32,868→ 32,868 totalExercise: $5.10Exp: 2036-03-11→ Common Stock (32,868 underlying) - Award
Performance Stock Option (right to buy)
[F3]2026-03-11+65,736→ 65,736 totalExercise: $5.10Exp: 2036-03-11→ Common Stock (65,736 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 $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.
- [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 $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.
- [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 $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.