0001437749-23-034457.txt : 20231214
0001437749-23-034457.hdr.sgml : 20231214
20231214170551
ACCESSION NUMBER: 0001437749-23-034457
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231212
FILED AS OF DATE: 20231214
DATE AS OF CHANGE: 20231214
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Merrill Judd
CENTRAL INDEX KEY: 0001652660
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37515
FILM NUMBER: 231487838
MAIL ADDRESS:
STREET 1: 2425 CROOKED CANYON CT.
CITY: RENO
STATE: NV
ZIP: 89521
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Aqua Metals, Inc.
CENTRAL INDEX KEY: 0001621832
STANDARD INDUSTRIAL CLASSIFICATION: SECONDARY SMELTING & REFINING OF NONFERROUS METALS [3341]
IRS NUMBER: 471169572
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2500 PERU DR.
CITY: MCCARRAN
STATE: NV
ZIP: 89437
BUSINESS PHONE: (775) 525-1936
MAIL ADDRESS:
STREET 1: 2500 PERU DR.
CITY: MCCARRAN
STATE: NV
ZIP: 89437
4
1
rdgdoc.xml
FORM 4
X0508
4
2023-12-12
0001621832
Aqua Metals, Inc.
AQMS
0001652660
Merrill Judd
5370 KIETZKE LN
SUITE 201
RENO
NV
89511
1
Chief Financial Officer
0
Common Stock
2023-12-12
4
A
0
625624
0
A
2087131
D
Common Stock
2023-12-12
4
A
0
100000
0
A
2187131
D
Common Stock
2023-12-12
4
A
0
50000
0
A
2237131
D
Represents 625,624 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. The RSUs will vest and be settled in six equal semi-annual installments over a three year period, subject to the Reporting Person's continuation of service with the Company. These RSUs have been granted under the Company's 2023 Long Term Incentive Program as non-cash stock awards. Each RSU shall entitle its holder to receive one Common Stock of the issuer.
Represents 100,000 shares underlying RSUs that are not yet vested and deliverable. Each RSU entitles the reporting person to receive one common stock of the Company upon vesting of the RSU. The RSUs will vest and settle based on the Company's achieving at least $8 million of revenue in fiscal 2024, with at least $5 million of production related revenue, as follows: 50,000 RSUs will vest and settle if the Company achieves at least $8 million of revenue in 2024; 100,000 RSUs will vest and settle if the Company achieves at least $10 million of revenue in 2024; and 150,000 RSUs will vest and settle if the Company achieves at least $15 million of revenue in 2024.. The RSUs have been granted under the 2019 Stock and will expire, if not vested and settled, upon the completion of the audit of the Company's financial statements for the year ended December 31, 2024.
Represents 50,000 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. Each RSU entitles the reporting person to receive one common stock of the Company upon vesting of the RSU. The RSUs will vest and settle based on the Company's common stock achieving absolute price hurdles based on a 5-day VWAP at any time over the three years from the date of grant, as follows: 25,000 RSUs will vest and settle upon achieving $2.50 per share; 12,500 RSUs will vest and settle upon achieving $4.00 per share; and 12,500 RSUs will vest and settle upon achieving $5,00 per share. The RSUs have been granted under the Company's 2019 Stock Incentive Plan ("2019 Plan") and will expire on the third anniversary of the date of grant.
Includes 1,330,286 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable.
Includes 1,430,286 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable.
Includes 1,480,286 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable.
/s/ Judd Merrill
2023-12-14